Jacksonville Florida Mortgage Rates

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Weekly Mortgage Market Report
July 14, 2016
Presented by:
Adam Klayman
Adam Klayman
Branch Manager
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ResMac Mortgage
Weekly Interest Rate Report Image
“We describe the last few weeks as A Tale of Two Rates. Immediately following the Brexit vote, U.S. Treasury yields plummeted to all-time lows. This week, markets stabilized and the 10-year Treasury yield rebounded sharply. In contrast, the 30-year mortgage rate declined after the Brexit vote, but only by half as much as the 10-year Treasury yield. This week, the 30-year fixed rate barely budged, rising just one basis point. This pattern suggests that mortgage rates are likely to remain low throughout the summer.”
– Sean Becketti, chief economist, Freddie Mac
About this information: Any mortgage rate data that is presented herein is provided by Freddie Mac’s Primary Mortgage Market Survey (PMMS), is provided for informational purposes only, and is not intended as an advertisement of interest rates as defined by Regulation Z, Section 1026.2. The financial and other information contained herein speaks only as of the date posted herein. Freddie Mac, and/or the provider of this information, is not responsible for business decisions made based on the information contained in this report. Opinions, estimates, forecasts and other views contained in this page are those of Freddie Mac’s Office of the Chief Economist, do not necessarily represent the views of Freddie Mac or its management or the provider of this information, and are subject to change without notice. Although the Office of the Chief Economist attempts to provide reliable, useful information, it does not guarantee that the information is accurate, current or suitable for any particular purpose.
For the latest, up-to-the-minute mortgage rates and/or market information, contact:
Adam Klayman | ResMac Mortgage
904-728-4850 | adammtg1@gmail.com
115 B Solana Rd - Ponte Vedra Fl 32082
For mortgage company or individual licensing information, visit the Nationwide Mortgage Licensing System & Registry (www.nmlsconsumeraccess.org)
This is not a commitment to lend or extend credit. All loans, credit and collateral are subject to approval. Restrictions and conditions may apply. Terms, rates, data, programs, information and conditions are subject to change without notice, and may not be available in all areas.
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