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Mortgage Interest Rates Reach Highest Level Since Late 2014, According to Latest Ellie Mae Origination Insight Report

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PLEASANTON, Calif.--(BUSINESS WIRE)--Interest rates on mortgage loans in July reached their highest levels since the fall of 2014, according to the latest Origination Insight Report released by Ellie Mae® (NYSE:ELLI), a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. The average rate on a 30-year fixed-rate mortgage rose to 4.29 percent last month, up from 4.12 percent in June and its highest level since October 2014, when the aver

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