Rates were stable in the last week, but the reading came in mostly before the Fed's rate decision.

For the week ending August 1, Freddie Mac announced that 30-year fixed rates remained at 3.75% from the week before. The average for 15-year loans increased to 3.20% and the average for five-year ARMs moved down slightly to 3.46%. A year ago, 30-year fixed rates averaged 4.60%, more than 0.75% higher than today. "Rates on home loans have essentially stabilized over the last two months, which reflects the recovery and improvement in the economy from the malaise earlier in the year. Going forward, the combination of low rates, tight labor market and high consumer confidence should set up the housing market for continued improvement in home sales heading into the late summer and early fall," said Sam Khater, Chief Economist, Freddie Mac.

Note: Rates indicated do not include fees and points and are provided for evidence of trends only. They should not be used for comparison purposes.

Current Indices for Adjustable Rate Mortgages 
Updated August 2, 2019