Although mortgage rates remained relatively still for the week ended July 24, they are still just above the lows for 2014, helping push more potential homeowners into the market, Freddie Mac’s latest Primary Mortgage Market Survey said.
The 30-year, fixed-rated mortgage was unchanged fromlast week and averaged 4.13%, but is down from 4.31% a year ago.
In addition, the 15-year, FRM averaged 3.26%, up from 3.23% last week, but slightly down from 3.39% in 2013.
The 5-year, Treasury-indexed hybrid adjustable-rate mortgage came in at 2.99%, increasing from 2.97% last week, but decreasing from 3.16% a year ago.
The 1-year Treasury-indexed ARM remained frozen from last week, staying at 2.39%, but is down from 2.65% this time last year.
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Freddie Mac: Mortgage rates push buyers to market | 2014-07-24 | HousingWire
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