Mortgage rates edge down

Rates on 30-year fixed-rate mortgages edged down to 5.14 percent with an average of 0.7 point this week, compared to 5.20 percent a week ago and 6.26 percent a year ago, Freddie Mac said in releasing results of its Primary Mortgage Market Survey.

The 15-year fixed-rate mortgage averaged 4.63 percent for the week ending July 16, with an average 0.7 point, down from 4.69 percent last week and 5.78 percent a year ago.

more...

To continue reading sign in to your Premium Member account.

Premium Members have full access to all news archives.

Buy Now Purchase 1-year Premium Membership - $149.95

OR

Buy Now Purchase Monthly Premium Membership - $19.95

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.