Mortgage Rates Jump Higher Today: July 15, 2010, 30 Year Mortgage Rates at 4.73%
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Mortgage rates will start heading back down because 10 year bond yields are back under 3.00 percent. Recent economic data has pointing to a slowing down of the U.S. economy. The FOMC trimmed their forecast for economic growth in the June FOMC minutes released yesterday. The FOMC also noted the risk the economic recovery could falter has increased.
Freddie Mac released it's weekly Primary Mortgage Market Survey this morning. In this weeks' PMMS 30 year fixed rate mortgages averaged 4.57 percent for the week ending July 15, 2010. 15 year fixed mortgage rates averaged 5.06 for the week ending July 15, 2010.
Today’s Average Mortgage Rates July, 15, 2010 @ MonitorBankRates.com
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