Bond yields up in last week of month – The 10-year Treasury bond closed the week at 2.31%, up from 2.15% last week. The 30-year treasury yield ended the week at 2.84%, up from 2.71% last week. Mortgage rates follow treasury bond yields so we watch bond yields carefully.
Mortgage Rates almost unchanged this week – The June 29, 2017, Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 3.88%, almost unchanged from 3.90% last week. The 15-year fixed was 3.18%, almost unchanged from 3.17% last week. The 5-year ARM was 3.18%, also unchanged from 3.14% last week. Unfortunately, rates rose late in the week so next week’s rates will be higher.