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Mortgage Rates Update > 7/16/2013

Graph of 30-Year Conventional Mortgage Rate

Mortgage Rates held flat in anticipation of Federal Reserve Chairman Ben Bernanke’s upcoming testimony over the next several days. This testimony provides huge potential for movement of home mortgage rates in either direction.

Average 30 year mortgage rates opened the week in the 4.75% range, where they remain now. Average 15 year mortgage rates also held in the 3.75% range. Current mortgage rates for FHA loans began the week at 3.75% for a 30 year note and 5/1 Arm Rates held near historic lows at 3.375%.

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