Freddie Mac's results of its Primary Mortgage Market Survey® shows that "As the economy works to get back to its pre-pandemic self, and the fight against COVID-19 variants unfolds, owners and buyers continue to benefit from some of the lowest mortgage rates of all-time. Largely due to the current environment, the 30-year fixed-rate remains below three percent for the fifth consecutive week while the 15-year fixed-rate hits another record low."
• 30-year fixed-rate mortgage (FRM) averaged 2.8 percent with an average 0.7 points for the week ending July 29, 2021, down from last month when it averaged 3.02 percent. A year ago, at this time, the 30-year FRM averaged 2.99 percent.
• 15-year FRM this week averaged 2.1 percent with an average 0.7 points, down from last month when it averaged 2.34 percent. A year ago, at this time, the 15-year FRM averaged 2.51 percent.
• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.45 percent this week with an average 0.3 points, down from last month when it averaged 2.53 percent. A year ago, at this time, the 5-year ARM averaged 2.94 percent.
We value your privacy
We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. By clicking "Accept All", you consent to our use of cookies. Click here to view Policy