Mortgage rates for July 18, 2013


I'm Greg McBride with, and here is your weekly look at mortgage rates.

Disappointing reports on retail sales and housing starts were enough to pull mortgage rates back from last week's two-year high. The benchmark 30-year fixed mortgage rate slid to 4.56 percent, and the larger jumbo 30-year rate pulled back to 4.71 percent.

Adjustable mortgage rates were mostly lower, with the five-year ARM retreating to 3.56 percent and the seven-year rate falling to 3.87 percent. The 10-year ARM was the exception, moving a touch higher to 4.08 percent.

Weaker economic data increases the odds the Federal Reserve holds off tapering their bond-buying stimulus. And further easing the upward pressure on interest rates this week were comments from Fed Chairman Ben Bernanke, who emphasized in an appearance before Congress that the tapering is not set in stone, and the Fed is very adaptable to incoming economic data.

Whether mortgage rates are moving up or down, it's still important to shop around for the best mortgage terms. To find the lowest mortgage rates in your area, use the free search engine at

I'm Greg McBride.


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