<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=284525548375587&amp;ev=PageView&amp;noscript=1">

(978) 835-5906

Massachusetts Home Buyer Guide


U.S. Average Mortgage Interest Rates Inch Higher

Jul 27, 2018 2:37:29 PM

Average U.S. mortgage loan interest rates rose slightly for the week ending July 26, 2018, and now are more than a half-point higher than the same week last year, according to Freddie Mac's weekly Primary Mortgage Market Survey.

First-time Homebuyer Mortgage NewsThe 30-year, fixed-rate mortgage loan had a 4.54 percent interest rate, with an average 0.5 point, an increased from 4.52 percent the previous week. A year ago, the 30-year note averaged 3.92 percent.

The 15-year, fixed-rate mortgage averaged 4.02 percent, with an average 0.4 point, up from 4 percent the previous week and 3.20 percent a year ago.

The 5-year, adjustable-rate mortgage loan averaged 3.87 percent, with an average 0.4 point, and was unchanged from the previous week and up from an average 3.18 percent the same week in 2017.

Purchase mortgage applications declined 1 percent from the previous week, for the week ending July 20, 2018, the Mortgage Bankers Association reported July 25, 2018. The purchase index was still 2 percent higher than the same week in 2017.  

Get Professional Advice About Home Loan Programs

Topics: Mortgage Rates & News


Blog Home

Subscribe to this Blog

Learn the Steps to Buying
a Home in Massachusetts

The Steps to Buying a Home


Search Homes For Sale

Search the latest home listings. Sign up for property alerts.


Are You Ready to Learn Some Home-buying Tips? 

Schedule a Quick, No-obligation Phone Consultation

Learn About Buyer Agents

Most Popular Posts