Mortgage Update by Mike Miller | Monarch Mortgage | June 25, 2015
Mortgage Rates Little Changed
- Freddie Mac today released the results of its Primary Mortgage Market Survey(R), showing average fixed mortgage rates little changed from the previous week amid reports of the U.S. housing market strengthening.
- 30-year fixed-rate mortgage (FRM) averaged 4.02 percent with an average 0.7 point for the week ending June 25, 2015, up from last week when it averaged 4.00 percent. A year ago at this time, the 30-year FRM averaged 4.14 percent.
- 15-year FRM this week averaged 3.21 percent with an average 0.6 point, down from last week when it averaged 3.23 percent. A year ago at this time, the 15-year FRM averaged 3.22 percent.