The renewed rise in mortgage rates, a major mortgage-backed securities deal featuring non-qualified mortgages and a cooling in rental housing prices dominated this week's housing and mortgage market news.
On The Mortgage Front: Freddie Mac (OTC:FMCC) reported the 30-year fixed-rate mortgage averaged 5.51% as of July 14, up from last week when it averaged 5.30%. The 15-year fixed-rate mortgage averaged 4.67%, up from last week when it averaged 4.45%. And the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 4.35%, up from last week when it averaged 4.19%.
