Mortgage News

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%.