Skip to content
Digital News Report Logo
Menu
  • News
  • Business
  • Science
  • Entertainment
  • Health
  • Sports
  • Audio Books
  • Quizzes
  • Videos
Menu

Home » Business » Mortgage Interest Rates stalls for 30-year fixed and increases for 15-year fixed

Mortgage Interest Rates stalls for 30-year fixed and increases for 15-year fixed

By Jim Kaine on June 23, 2011

house monotome graphic - DNRDigital News Report – Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) showed that the 30-year fixed interest rate mortgage loans stayed at 4.50 percent from the previous week’s data. However, the 15-year fixed rate mortgages increased slightly from the previous week to 3.69 percent.

The 30-year fixed rate mortgages remain low at 4.50 percent with an average 0.8 point from last week. One year ago at the same, time the average rate was 4.69 percent of the fixed rate 30-year mortgage loan.

Fixed rate 15-year mortgage loans increased to 3.69 percent with an average an average 0.7 point, from the previous weeks rate of 3.67 percent. Interest rates remain low compared to last year’s 15-year fixed rates, which was at 4.13 percent at the same time last year.

Frank Nothaft, Vice President, and Chief Economist from Freddie Mac, said in a statement that the mortgage rates are remaining about the same probably due to a soft housing market. In May, he explains, that home sales fell by 3.8 percent. Nothaft also said that the Federal Reserve reported in the June 22, policy committee statement, that the housing segment remains depressed.

By: Tim Edwards

  1. Mortgage Interest Rates Lower Again 30-Year Fixed Average Rate of 4.42 Percent
  2. Mortgage Interest Fixed Rates lower again
  3. Mortgage Interest Rates drop lower from previous week
  4. Mortgage Interest Rates Lower making Home Loan Refinancing Attractive to Homeowners
  5. Mortgage Interest Rates

Live Results Search

Categories

Important Information

This site is for informational purposes only.  Always check with your doctor or  legal council before making any medical or legal decisions.

loader-image
San Francisco, US
4:08 am, June 18, 2025
temperature icon 53°F
few clouds
Humidity 86 %
Pressure 1012 mb
Wind 13 mph
Wind Gust: 0 mph
Visibility: 10 km
Sunrise: 5:47 am
Sunset: 8:34 pm
Weather from OpenWeatherMap

 

©2025 Digital News Report | Design: Newspaperly WordPress Theme