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Mortgage Rates Show Mixed Performance 

Jul 23, 2009By

Mortgage interest rates show a mixed performance for the week ending July 23, up ticking on average, but adjustable-rate mortgages (ARMs) dropped slightly, according to mortgage giant Freddie Mac [stock FRE][/stock]. The 30-year fixed-rate mortgage (FRM) averaged 5.2% with an average 0.7 point, which rose from last week when it averaged 5.14%. For this week last year, the 30-year FRM averaged 6.63%. The 15-year FRM averaged 4.68% with an average 0.7 point for the week, up from 4.63% a week ago and down from 6.18% from last year.

3d rendering of a row of luxury townhouses along a street

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