Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Slight rise in average monthly mortgage rates
WASHINGTON (8/10/12)--The average 30-year fixed-rate mortgage was 3.59% for the week that ended yesterday, an increase from 3.55% the previous week, according to a survey released by Freddie Mac.

During the same week last year the average rate was 4.22%, according to the mortgage buyer.

The average 15-year fixed rate mortgage was 2.86%, up from 2.83% the previous week and a decline from an average rate of 3.50%.

"Fixed mortgage rates inched up again this week following stronger-than-expected employment reports. The economy added 163,000 jobs in July, well above the market consensus forecast of 100,000, and the largest increase since February,'' said Freddie Mac Vice President Chief Economist Frank Nothaft.

The average five-year adjustable rate mortgage averaged 2.77% this week, compared with 2.75% the previous week and 3.13% the same week last year.

The average one-year adjustable rate mortgage was 2.65%, compared with 2.70% the previous week and 2.89% the same week last year.


RSS print
News Now LiveWire
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
1 Day ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
1 Day ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
1 Day ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
1 Day ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
1 Day ago