Mortgage Rates Tick Upward, Again

Mortgage and Lending with Southwest Funding

A few signals of stronger economic growth pushed money into stocks at the expense of bonds, and mortgage rates closed the week on an upward bent. According to the nation's leading survey of mortgage pricing, the average 30-year fixed-rate mortgage (FRM) rose by a single basis point to 6.81%, and five-one Hybrid ARMs followed suit, ending the week at an average 6.48%.

DFW Loan Officer

Jeff Schraeder

Imperial Mortgage

Comments (3)

Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty
The pendulum is swinging again - thanks for the update - it will be interesting to see if the trend continues.
Jul 10, 2007 06:24 AM
Cameron Bagherpour
Zeus Construction - Medway, MA
Construction. Development. Investment.
6.81 still seems high to me.  I liked it when they were down in the 5's.
Jul 10, 2007 06:31 AM
Lenn Harley
Lenn Harley,, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

And again, and again, and again.  While they are at it, HUD should tighten up on FHA guidelines and, oh yeah, Fannie Mae should tighten up on their guidelines. 

Just kill the real estate industry for another 5 years. 

Jul 10, 2007 06:34 AM