Freddie Mac has released its Primary Mortgage Market Survey® for the week ending Thursday, July 25th.
The 30-year fixed-rate mortgage averaged 6.78%, up from last week when it averaged 6.77%. A year ago at this time, the 30-year rate averaged 6.81%.
The 15-year fixed-rate mortgage averaged 6.07%, up from last week when it averaged 6.07%. A year ago at this time, the 15-year rate averaged 6.11%.
Commenting on the results of this week’s survey, Freddie Mac Chief Economist Sam Khater said:
“Mortgage rates essentially remained flat from last week but have decreased nearly half a percent from their peak earlier this year. Despite these lower rates, buyers continue to pause, as reflected in tumbling new and existing home sales data.”
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
