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Mortgage Rate Trend Index: July 28, 2011

 
 

Will rates go up, down or remain unchanged?

Jim SahngerJim Sahnger
Mortgage consultant, Palm Beach Financial Network, Stuart, Fla.
Overall rates should remain similar, but intraday and day-to-day volatility will be high as anxiety flows from Washington. Risk is for higher rates if Washington doesn't raise the debt ceiling.
 
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Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed mtg
4.01% 4.04%
15 yr fixed mtg
3.11% 3.18%
5/1 ARM
2.82% 2.88%
30 yr fixed mtg refi
4.00% 4.03%
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