Follow Us:
 
Bankrate.com
Bankrate Mobile Site

mortgage

Mortgage Rates for June 30, 2011

 

 

Bankrate.com's national survey found the typical 30-year fixed-rate mortgage had an interest rate of 4.71 percent this week, up 5 basis points from last week.

Other fixed-rate mortgages took a similar track. The 15-year fixed mortgage was at 3.86 percent, compared to 3.83 percent a week earlier.

An exception was jumbo mortgages, which dropped 2 basis points, settling at 5.21 percent.

Mortgage rates frequently move in the same direction as U.S. Treasury securities, and rates on long-term government bonds rose across the board in the last week.

Although it is too soon to determine if housing has finally hit bottom, according to the S&P/ Case-Shiller Home Price Index, home prices were up just under 1 percent from March to April. However, prices are still several percentage points below where they were in April 2010.

If you're in the market for a home - visit Bankrate.com to find the best rates. I'm Kristin Arnold.

 

advertisement

Compare Mortgage Rates
Zip code:
Product:



advertisement
 

Feeling lost in the mortgage wilderness?

Let Bankrate's Mortgage Analysis be your GPS. This newsletter tracks our exclusive mortgage features, rates and tools. Delivered Thursdays.
 
advertisement
Bankrate on Facebook
Will the third try be a charm for HARP? Industry analysts seem to think so. And so does the government.
Partner Center
advertisement

Mortgage rates giving you motion sickness?

Let us watch for you. We'll tell you when they hit your target.

RSS icon
Subscribe:RSS Feeds