Mortgage Rates Hold Steady
WASHINGTON – Mortgage rates again were little changed over the past week as readings on the U.S. economy continued to show mixed signals, according to Freddie Mac.
The average for the 30-year, fixed-rate mortgage was 4.55% for the week ended Thursday, up from 4.52% the previous week; while the average for the 15-year fixed-rate mortgages was 3.66%, the same as the week before.
ARM rates tipped down slightly, with the average for the five-year ARM slipping to 3.25%, from 3.27% last week; and the average for the one-year ARM moving to 2.95%, from 2.97% last week.
“Macroeconomic data released this week were a mixed bag,” said Frank Nothaft, chief economist for Freddie Mac. “On the positive side, the index of leading indicators in June rose for the second consecutive month, beating the market consensus forecast. Partly offsetting this, orders for durable goods were weaker than market expectations for the same month.”