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Mortgage Rates Edge Higher Than Last Week's Record Lows
Mortgage News > Mortgage Rates Edge Higher Than Last Week's Record Lows
Interest rates increased slightly the week ending August 2, 2012. Freddie Mac reported an increase for both 30 yr and 15 yr fixed mortgages.
The closing interest rate for a 30 yr-fixed mortgage was 3.55%, and 2.83% for a 15 yr-fixed mortgage. Both rates are still lower than the current rate last year at this time. Interest rates last year were around 4.39% for a 30 yr-fixed mortgage and 3.68% for a 15 yr-fixed mortgage.