30-Year Mortgage Rate, 6.61% and 0.6 Points

30-year fixed-rate mortgage, average in Western U.S. for week ending August 16, 2007.

“Interest rates on prime conforming fixed-rate mortgages ticked up a little in the past week, in line with 10-year Treasury rates movements and retracing part of last week’s decline,” said Frank Nothaft, Freddie Mac vice president and chief economist. “Problems in the non-prime mortgage market where funds are expensive and hard-to-get have not affected the prime conforming market.“

August 16, 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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