Weekly mortgage market rate survey results for week of May 7 2015

Freddie Mac market rate survey

Mortgage interest rates move higher this week according to the most recent Freddie Mac market rate survey. Nationally, 30 year fixed rate mortgages are up .12% to 3.80% from 3.68% last week and 4.21% one year ago. In the Southwest region including Texas rates are slightly higher at 3.82% with average fees and points of .5% versus .6% nationally. Chart and graph courtesy of Freddie Mac.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.80 3.78 3.88 3.78 3.82 3.77
Fees & Points 0.6 0.6 0.5 0.6 0.5 0.7
15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.02 3.00 3.09 3.02 3.04 2.98
Fees & Points 0.6 0.5 0.5 0.6 0.5 0.7
5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.90 2.91 2.98 3.05 2.96 2.75
Fees & Points 0.4 0.3 0.4 0.2 0.4 0.7
Margin 2.73 2.74 2.75 2.75 2.74 2.71
1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.46 2.52 2.58 2.69 2.42 2.25
Fees & Points 0.4 0.5 0.5 0.0 0.2 0.6
Margin 2.74 2.73 2.80 2.76 2.75 2.70
The National Mortgage Rate Snapshot One Year Ago One Week Ago
  30-YR 15-YR 5/1-YR 1-YR ARM 30-YR 15-YR 5/1-YR 1-YR ARM
Average 4.21   3.32   3.05   2.43   3.68   2.94   2.85   2.49  
Fees & Points 0.6   0.6   0.5   0.4   0.6   0.6   0.5   0.4  
Margin N/A N/A 2.74   2.71   N/A N/A 2.73   2.74  
Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates
Primary Mortgage Market Survey® (PMMS®)
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