On July 2, 2015, Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates reaching new 2015 highs heading into the July 4 holiday weekend and ahead of the June jobs report Rates were as follows: 1. 30-year fixed-rate mortgage (FRM) averaged 4.08% for the week ending July 2, 2015, up from the previous week when it averaged 4.02%. A year ago at this time, the 30-year FRM averaged 4.12%. 2. 15-year FRM averaged 3.24%, up from the previous week when it averaged 3.21%. A year ago at this time, the 15-year FRM averaged 3.22%. 3. 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.99%, up from the previous week when it averaged 2.98%. A year ago, the 5-year ARM averaged 2.98%. 4. 1-year Treasury-indexed ARM averaged 2.52%, up from the previous week when it averaged 2.50%. At this time last year, the 1-year ARM averaged 2.38%.
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