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Mortgage Rates Up in Anticipation of Fed Rate Cut

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    Mortgage interest rates increased the week of July 15th, 2019 based on a probable short-term rate decrease by the Federal Reserve later this month. The average mortgage interest rate this week was 3.81%, up from 3.75% a week earlier. In contrast, rates were 4.52% a year ago. 

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    Posted by Jeff Mindham
    Prior to becoming a full-time writer in 2015, I was the Senior President of National Marketing for Prudential Real Estate (63,000 agents & 700 franchisees), and the Chief Marketing Officer at several real estate tech startups. Those included ForSaleByOwner.com, the nation’s largest online FSBO, Foxtons and USRealty.com, among others. I began my career on Madison Ave. working at some of New York’s largest ad agencies. I have a master’s degree from the University of San Francisco and a BA degree in Communications.