Home Loan Interest Rates Hover Near 2015 Lows

Fixed-rate mortgages were mostly unchanged this week, remaining near the lowest averages of the year, Freddie Mac reports in its weekly mortgage market survey. Freddie Mac reports the following national averages for the week ending April 16:

  • 30-year fixed-rate mortgages: averaged 3.67 percent, with an average 0.7 point, rising slightly from last week’s 3.66 percent average. Last year at this time, 30-year rates averaged 4.27 percent.
  • 15-year fixed-rate mortgages: averaged 2.94 percent, with an average 0.5 point, rising from last week’s 2.93 percent average. A year ago, 15-year rates averaged 3.33 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 2.88 percent this week, with an average 0.5 point, rising from last week’s 2.83 percent average. Last year at this time, 5-year ARMs averaged 3.03 percent.

Source: Freddie Mac