757-366-8690
tphelps@tidewaterhomefunding.com
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Tim Phelps

NMLS ID ------

757-366-8690 tphelps@tidewaterhomefunding.com

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30 & 15 Year Mortgages Rates Increase, Still At Historic Lows

August 9th, 2012

According to Freddie Mac's Weekly Primary Mortgage Market Survey, the average on the 30-year loan rate increased to 3.55*.  The weekly average rate on the 15-year mortgage increased to 2.83%*.  While a slight increase, this is the 20th consecutive week the 30-year average rate has remained under 4.0%.  It is also the 10th consecutive week the 15-year average rate has remained under 3.0%.

* http://www.freddiemac.com/pmms/