| Data Provided by Freddie Mac’s Primary Mortgage Market Survey® |
| Week ending on 12/18/14 |
Interest Rate |
Fees & Points |
Margin |
| 30 Year Fixed Rate |
3.80% |
0.6 |
N/A |
| 15 Year Fixed Rate |
3.09% |
0.6 |
N/A |
| 5/1-Year Adjustable Rate |
2.95% |
0.5 |
2.74 |
| 1 Year Adjustable Rate |
2.38% |
0.4 |
2.74 |
|
For up-to-the-minute local mortgage interest rate information, contact:
Omar Khamisa at Cell/Text: 209-910-4675 |
| Week ending on 12/11/14 |
Interest Rate |
Fees & Points |
Margin |
| 30 Year Fixed Rate |
3.93% |
0.5 |
N/A |
| 15 Year Fixed Rate |
3.20% |
0.5 |
N/A |
| 5/1-Year Adjustable Rate |
2.98% |
0.5 |
2.74 |
| 1 Year Adjustable Rate |
2.40% |
0.4 |
2.74 |
|
|
|
This is not intended as an advertisement of interest rates as defined by Regulation Z, Section 226.24.
Data is provided by Freddie Mac’s Primary Mortgage Market Survey (PMMS) and is provided for informational purposes only. The financial and other information contained herein speaks only as of the date posted herein. Freddie Mac, and/or the sender of this information, is not responsible for business decisions made based on the reported results of the PMMS. In general, the data presented were calculated from information collected Monday through Wednesday of the same week that the PMMS is released and may not reflect mortgage rates, fees or points currently available. Average fees and points are provided to reflect the total upfront cost of obtaining a mortgage. Borrowers may still pay closing costs which are not included in the survey. |
| Weekly Commentary |
| by Frank Nothaft, vice president and chief economist, Freddie Mac |
| “The 30-year fixed mortgage rate dropped to its lowest point of 2014 this week. Mortgage rates fell along with 10-year Treasury yields, which closed at their lowest level since May 2013. November housing starts came in at a seasonally adjusted annual rate of 1.028 million starts, down 1.6 percent from an upwardly-revised October value. Housing starts for the calendar year will likely come in around 1.0 million, above the 2013 pace but lower than forecasters had expected at the start of 2014. Consumer prices declined more than expected in November, with CPI contracting 0.3 percent.” |
|
|
