| This was the sixth week in a row were 30 Year | | | | jump from 6.26 to 6.63 and six weeks of falling rates |
| mortgage rates fell or held steady. In the last 6 weeks | | | | to get close to the July 17th levels. |
| 30 year notes have fallen from 6.63 to 6.35. This was | | | | This week we also saw decreases in all the other |
| preceded by a sudden jump in interest rates in July | | | | major mortgage products. The 15 year mortgage fell |
| where 30 year mortgage interest rates rose from | | | | from 5.93 to 5.9 and the 5 year arm fell from 6.03 to |
| 6.26 to 6.63 between July 17th and July 24th. So while | | | | 5.97. By far the biggest mover was 1 year arms which |
| rates are little higher today than what we saw on July | | | | fell almost 1/5 of a point moving from 5.33 to 5.15. |
| 17th they have almost fallen back to mid July levels. It's | | | | Below are rates for the 4 major mortgage products |
| interesting to note that it took one week for rates to | | | | for the last few weeks. |