Long–term mortgage rates slipped this week, according to surveys by Freddie Mac and Bankrate. In Freddie Mac's weekly survey, the 30-year fixed-rate mortgage averaged 5.99 percent, with an average 0.7 point, for the week ended today, slipping from last week when it averaged 6.08 percent. The 15-year fixed-rate mortgage averaged 5.4 percent, with an average 0.6 point, down from last week when it averaged 5.49 percent. One-year Treasury-indexed adjustable-rate mortgages averaged 4.08 percent this week, with an average 0.6 point, up from last week when it averaged 4.17 percent. "Additional economic indicators this week confirmed that June was a weak month for the nation as a whole. Consequently, the upward pressure on interest rates eased, allowing mo...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.