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Sunday, July 10, 2011

mortgage rates prediction week july 11 2011

mortgage rates prediction week july 11 2011 ; Fixed mortgage rates rose this week by the most in four months. The average rate on the 30-year loan increased to 4.6 percent, up from 4.51 percent a week ago, Freddie Mac said Thursday. It hit its lowest level of the year three weeks ago, at 4.49 percent.

The average rate on the , a popular refinancing option, rose to 3.75 percent. It reached its low point of the year tw15-year fixed mortgageo weeks ago, at 3.67 percent.

30-Year Fixed 4.625% 4.812%
30-Year Fixed FHA 4.500% 5.523%
15-Year Fixed 3.750% 4.069%
5-Year ARM 3.000% 3.170%
5-Year ARM FHA 3.250% 3.236%

Rates typically track the yield on the 10-year Treasury note. And mortgage rates could rise further now that the Federal Reserve's $600 billion bond buying program has ended.

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