Weekly Mortgage Interest Rate Report — February 19, 2015

Weekly Mortgage Interest Rate Report — February 19, 2015

Data Provided by Freddie Mac’s Primary Mortgage Market Survey®

Week ending on 02/19/15 Interest Rate Fees & Points Margin
30 Year Fixed Rate 3.76% 0.6 N/A
15 Year Fixed Rate 3.05% 0.6 N/A
5/1-Year Adjustable Rate 2.97% 0.5 2.74
1 Year Adjustable Rate 2.45% 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 02/12/15 Interest Rate Fees & Points Margin
30 Year Fixed Rate 3.69% 0.6 N/A
15 Year Fixed Rate 2.99% 0.6 N/A
5/1-Year Adjustable Rate 2.97% 0.5 2.74
1 Year Adjustable Rate 2.42% 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
“Mortgage rates rose for the second consecutive week as 10-year Treasury yields surged. Housing starts declined 2 percent to a seasonally adjusted pace of 1.065 million units and housing permits dipped 0.7 percent in January. However, homebuilders remain confident about new home sales although slightly tempered from last month as the NAHB Housing Market Index slipped 2 points to 55 in February.”

This is not a commitment to lend or extend credit. Restrictions may apply. Information and/or data is subject to change without notice. All loans are subject to credit approval. Not all loans or products are available in all states. This is not a commitment to lend or extend credit. Restrictions may apply. Information and/or data is subject to change without notice. All loans are subject to credit approval. Not all loans or products are available in all states. MSJ is not acting on behalf of or at the direction of HUD/FHA or the federal government. Licensed by BRE# 01917135 and NMLS # 936439

— Not interested in receiving future communications? Send a removal request. —

Share!