\n<\/div><\/div>\n<\/div>\n<\/div>\n

By Kerry Smith<\/div><\/div>\n

Pandemic numbers are rising again. That\u2019s shaken investors and pushed 30-year mortgage rates lower again this week, though adjustable rates moved a little higher.<\/span><\/span><\/p>\n<\/div>\n

MCLEAN, Va. \u2013 The 30-year fixed-rate mortgage (FRM) averaged 2.78%, according to Freddie Mac\u2019s weekly survey. It\u2019s the fourth week in a row for a drop.<\/span><\/span><\/p>\n

\u201cConcerns about the Delta variant, and the overall trajectory of the pandemic, are undoubtedly affecting economic growth,\u201d says Sam Khater, Freddie Mac\u2019s chief economist. \u201cWhile the economy continues to mend, Treasury yields have decreased, and mortgage rates have followed suit.\u201d<\/span><\/span><\/p>\n

Khater said the \u201cdeclining rates provide yet another opportunity for homeowners to save money on their monthly mortgage payment through a refinance,\u201d however, \u201cmany homebuyers are unable to take advantage of low rates due to low inventory and high prices.\u201d<\/span><\/span><\/p>\n

Average mortgage rates for July 23, 2021<\/span><\/span><\/h3>\n
\n
The 30-year fixed-rate mortgage averaged 2.78% with an average 0.7 point for the week, down from last week\u2019s 2.88%. A year ago, it averaged 3.01%.<\/span><\/span><\/li>\n
The 15-year fixed-rate mortgage averaged 2.12% with an average 0.7 point, down from last week\u2019s 2.22%. A year ago, it averaged 2.54%.<\/span><\/span><\/li>\n
The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.49% with an average 0.4 point, up from last week\u2019s 2.47%. A year ago, the 5-year ARM averaged 3.09%.<\/span><\/span><\/li>\n<\/ul>\n
\u00a9 2021 Florida Realtors\u00ae<\/span><\/span><\/p>\n<\/div><\/div>\n
Go to Source<\/a>
\nAuthor: marlam<\/p>\n","protected":false},"excerpt":{"rendered":"
By Kerry Smith Pandemic numbers are rising again. That\u2019s shaken investors and pushed 30-year mortgage rates lower again this week, though adjustable rates moved a little higher. MCLEAN, Va. \u2013 The 30-year fixed-rate mortgage (FRM) averaged 2.78%, according to Freddie Mac\u2019s weekly survey. It\u2019s the fourth week in a row for a drop. \u201cConcerns about the Delta variant, and the overall trajectory of the pandemic, are undoubtedly affecting economic growth,\u201d says Sam Khater, Freddie Mac\u2019s chief economist. \u201cWhile the economy continues to mend, Treasury yields have decreased, and mortgage rates have followed suit.\u201d Khater said the \u201cdeclining rates provide yet another opportunity for homeowners to save money on their monthly mortgage payment through a refinance,\u201d however, \u201cmany homebuyers are unable to take advantage of low rates due to low inventory and high prices.\u201d Average mortgage rates for July 23, 2021 The 30-year fixed-rate mortgage averaged 2.78% with an average 0.7 point for the week, down from last week\u2019s 2.88%. A year ago, it averaged 3.01%. The 15-year fixed-rate mortgage averaged 2.12% with an average 0.7 point, down from last week\u2019s 2.22%. A year ago, it averaged 2.54%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.49% with an average 0.4 point, up from last week\u2019s 2.47%. A year ago, the 5-year ARM averaged 3.09%. \u00a9 2021 Florida Realtors\u00ae Go to Source Author: marlam<\/p>\n","protected":false},"author":4,"featured_media":5279,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts\/5360"}],"collection":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/comments?post=5360"}],"version-history":[{"count":0,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts\/5360\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/media\/5279"}],"wp:attachment":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/media?parent=5360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/categories?post=5360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/tags?post=5360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}