Scotsman Guide > News > July 2018 > News Story

 Enter your e-mail address and password below.

  •  
  •  

Forgot your password? New User? Register Now.

News Archives

 
Subscribe icon Subscribe to our weekly e-newsletter, Top News.

Mortgage rates move sideways


Key fixed mortgage rates fell marginally over the week, Freddie Mac reported.

As of Thursday, the 30-year fixed rate averaged 4.52 percent, down one basis point over the prior week. The 15-year fixed rate fell two basis points to 4 percent, whereas five-year adjustable rate mortgages rose by one basis point to 3.87 percent.

A year ago, the 30-year fixed rate averaged 3.96 percent.

Sam Khater, Freddie Mac’s chief economist, said mortgage rates remained flat primarily because of mixed economic data from last week.

“Manufacturing output and consumer spending showed improvements, but construction activity was a disappointment,” Khater said. “This meant there was no driving force to move mortgage rates in any meaningful way, which has been the theme in the last two months.”


 

Questions? Contact at (425) 984-6017 or victorw@scotsmanguide.com.

Get the latest news and articles from Scotsman Guide straight to your inbox.


Send me the following e-mails:





Learn more about Scotsman Guide e-mails

Thank you for signing up to receive e-mails from Scotsman Guide.

A confirmation e-mail has been sent to the address you provided.

For questions regarding your e-mail subscriptions please contact Circulation@ScotsmanGuide.com or call (800) 297-6061.


Fins A Lender Post a Loan
Residential Find a Lender Commercial Find a Lender
Follow Us:Visit Scotsman Guide Facebook pageVisit Scotsman Guide LinkedIn pageVisit Scotsman Guide Twitter page
 
 
 
 

 
 

© 2019 Scotsman Guide Media. All Rights Reserved.  Terms of Use  |  Privacy Policy