30-Year Mortgage Rate, 6.57% and 0.6 Points

30-year fixed-rate mortgage, average in Western U.S. for week ending July 19, 2007. Blue line is Freddie Mac forecast made 7/9/2007.

“”Interest rates on prime conforming fixed-rate mortgages eased further in the past week, according to the Primary Mortgage Market Survey, even though other sources such as HSH Associates reported that jumbo fixed rates increased by a quarter percent or more last week,” said Frank Nothaft, Freddie Mac vice president and chief economist.

August 10, 2007 by Realtor John Wake

About The Author

John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

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