Mortgage Rates Update – July 19th

Mortgage Rates dipped slightly after a week of raising rates.  Rates are still sitting at some of the lowest rates we have seen in a long time.  Due to the recession and fears of a double dip recession rates continue to remain in the low to mid fours.

Last week rates were on the rise due to high corporate earnings reports.  This week they are dipping back down.  Do not hesitate to lock in your loan.  These are historically low rates and now is a wonderful time to lock in on your purchase or refinance.

This Week:

  • 30 year fixed – 4.59%
  • 15 year fixed – 4.10%
  • 5/1 ARM – 3.70%
  • 30 year fixed refi – 4.48%

Compared to Last Week:

  • 30 year fixed – 4.63%
  • 15 year fixed – 4.13%
  • 5/1 ARM – 3.72%
  • 30 year fixed refi – 4.53%

Is this an old Article? Check out Mortgage Rates to see the up to date national mortgage rates.

4.59%

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