Home Loan Interest Rates Stay Low Into Spring

The 30-year fixed-rate mortgage continues to average below 4 percent – a positive sign launching into the spring home-buying season, Freddie Mac reports in its weekly mortgage market survey. Average fixed-rate mortgages moved down this week. Freddie Mac reports the following national averages for the week ending March 19:

  • 30-year fixed-rate mortgages: averaged 3.78 percent, with an average 0.6 point, dropping from last week’s 3.86 percent average. Last year at this time, 30-year rates averaged 4.32 percent.
  • 15-year fixed-rate mortgages: averaged 3.06 percent, with an average 0.6 point, dropping from last week’s 3.10 percent average. A year ago, 15-year rates averaged 3.32 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 2.97 percent, with an average 0.5 point, dropping from last week’s 3.01 percent average. Last year at this time, 5-year ARMs averaged 3.02 percent.

Source: Freddie Mac

Mortgage Loan Rates Are ‘Moving on Up’

Mortgage rates inched higher this week for the second week in a row, with the 30-year fixed-rate mortgage averaging 4.33 percent, Freddie Mac reports in its weekly mortgage market survey.

“Mortgage rates crept up further following the uptick in the 10-year Treasury yield as minutes of the Federal Reserve’s last meeting indicated little possibility of a pause in the central bank’s reduction of bond purchases,” says Frank Nothaft, Freddie Mac’s chief economist. The Federal Reserve plans to wind down its $85 billion per month bond-buying stimulus program this year, which has been helping to keep loan rates low.

Freddie Mac reports the following averages for the week ending Feb. 20:

  • 30-year fixed-rate mortgages: averaged 4.33 percent, with an average 0.7 point, rising from last week’s 4.28 percent average. Last year at this time, 30-year rates averaged 3.56 percent.
  • 15-year fixed-rate mortgages: averaged 3.35 percent, with an average 0.7 point, rising from last week’s 3.33 percent average. Last year at this time, 15-year rates averaged 2.77 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 3.08 percent, with an average 0.5 point, rising from last week’s 3.05 percent average. A year ago, 5-year ARMs averaged 2.64 percent.

Source: Freddie Mac

After 5 Weeks of Drops, ‘Mortgage Rates Inch Up’

The five-week streak of falling mortgage rates took a break this week, with the 30-year fixed-rate mortgage moving up slightly to average 4.28 percent, Freddie Mac reports.

Freddie Mac reports the following national averages for the week ending Feb. 13:

  • 30-year fixed-rate mortgages: averaged 4.28 percent, with an average 0.7 point, up from last week’s 4.23 percent average. Last year at this time, 30-year rates averaged 3.53 percent.
  • 15-year fixed-rate mortgages: averaged 3.33 percent, with an average 0.7 point, holding the same average as last week. A year ago, 15-year rates averaged 2.77 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 3.05 percent, with an average 0.5 point, dropping from last week’s 3.08 percent average. Last year at this time, 5-year ARMs averaged 2.64 percent.

Source: Freddie Mac

Mortgage Rates Slide for Fifth Straight Week

Mortgage rates continued to inch down this week as the 30-year fixed-rate mortgage averaged 4.23 percent, Freddie Mac reports in its weekly mortgage market survey.

“Mortgage rates fell further this week following the release of weaker housing data,” Frank Nothaft, Freddie Mac’s chief economist says. “The pending home sales index fell 8.7 percent in December to its lowest level since October 2011.”

Freddie Mac reports the following national averages for the week ending Feb. 6:

  • 30-year fixed-rate mortgages: averaged 4.23 percent, with an average 0.7 point, dropping from last week’s 4.32 percent average. Last year at this time, 30-year rates averaged 3.53 percent.
  • 15-year fixed-rate mortgages: averaged 3.33 percent, with an average 0.7 point, falling from last week’s 3.40 percent average. A year ago at this time, 15-year rates averaged 2.77 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 3.08 percent, with an average 0.5 point, falling from last week’s 3.12 percent average. Last year at this time, 5-year ARMs averaged 2.63 percent.

Source: Freddie Mac

‘Lower Mortgage Rates’ Give Buyers Some Relief

Great news to share! For the second consecutive week, fixed-rate mortgages moved lower, Freddie Mac reports in its weekly mortgage market survey.

Freddie Mac reports the following national averages for the week ending Jan. 23:

  • 30-year fixed-rate mortgages averaged 4.39 percent, dropping from last week’s 4.41 percent average, with an average 0.7 point. Last year at this time, 30-year rates averaged 3.42 percent.
  • 15-year fixed-rate mortgages averaged 3.44 percent, dropping from last week’s 3.45 percent average, with an average 0.7 point. A year ago at this time, 15-year rates averaged 2.71 percent.
  • 5-year hybrid adjustable-rate mortgages averaged 3.15 percent, rising from last week’s 3.10 percent average, with an average 0.5 point. Last year at this time, 5-year ARMs averaged 2.67 percent.

Source: Freddie Mac

Mortgage Rates Hold Mostly Level This Week

Mortgage rates were little changed this week, with the 30-year fixed-rate mortgage averaging 4.51 percent, Freddie Mac reports in its weekly mortgage market survey.

Freddie Mac reports the following national averages for the week ending Jan. 9:

  • 30-year fixed-rate mortgages averaged 4.51 percent, with an average 0.7 point, dropping from last week’s 4.53 percent average. Last year at this time, 30-year rates averaged 3.40 percent.
  • 15-year fixed-rate mortgages averaged 3.56 percent, with an average 0.6 point, rising slightly from last week’s 3.55 percent average. A year ago, 15-year rates averaged 2.66 percent.
  • 5-year hybrid adjustable-rate mortgages averaged 3.15 percent, with an average 0.4 point, rising from last week’s 3.05 percent average. Last year, 5-year ARMs averaged 2.67 percent.

Source: Freddie Mac

Mortgage Rates to Enter New Year ‘Mostly Flat’

Fixed-rate mortgages changed little this week heading into the end of the year, Freddie Mac reports in its weekly mortgage market survey.

Freddie Mac reports the following mortgage rates for the week ending Dec. 26:

  • 30-year fixed-rate mortgages averaged 4.48 percent, with an average 0.7 point, rising from last week’s 4.47 percent average. Last year at this time, 30-year fixed-rate mortgages averaged 3.35 percent.
  • 15-year fixed-rate mortgages averaged 3.52 percent, with an average 0.7 point, increasing slightly from last week’s 3.51 percent average. Last year at this time, 15-year rates averaged 2.65 percent.
  • 5-year hybrid adjustable-rate mortgages (ARMs) averaged 3 percent, with an average 0.4 point, rising from last week’s 2.96 percent average. A year ago, 5-year ARMs averaged 2.7 percent.

Source: Freddie Mac

Mortgage Rates Average 4.47% This Week

Mortgage rates were on the rise this week, following upbeat news for housing starts and building permits, Freddie Mac reports in its weekly mortgage market survey.

Freddie Mac reports the following national averages for the week ending Dec. 19:

  • 30-year fixed-rate mortgages: averaged 4.47 percent, with an average 0.7 point, rising from last week’s 4.42 percent average. Last year at this time, 30-year rates averaged 3.37 percent.
  • 15-year fixed-rate mortgages: averaged 3.51 percent, with an average 0.6 point, up from last week’s 3.43 percent average. A year ago at this time, t15-year rates averaged 2.65 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 2.96 percent, with an average 0.4 point, rising from last week’s 2.94 percent average. Last year at this time, 5-year ARMs averaged 2.71 percent.

Source: Freddie Mac

Mortgage Rates Dip Slightly This Week

Fixed-rate mortgages changed little this week, but remain near its highs in recent months.

Freddie Mac reports the following national averages for the week ending Dec. 12:

  • 30-year fixed-rate mortgages: averaged 4.42 percent, with an average 0.7 point, dropping from last week’s 4.46 average. Last year at this time, 30-year rates averaged 3.32 percent.
  • 15-year fixed-rate mortgages: averaged 3.43 percent, with an average 0.7 point, falling from last week’s 3.47 percent average. A year ago, 15-year rates averaged 2.66 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 2.94 percent, with an average 0.4 point, also dropping from last week’s 2.99 percent average. Last year at this time, 5-year ARMs averaged 2.70 percent.

Source: Freddie Mac

Streak Reverses, “Mortgage Rates Move Lower”

After six consecutive weeks of rising, mortgage rates inched slightly lower this week, with the 30-year fixed-rate mortgage staying below 4 percent.

Freddie Mac reports the following national averages for the week ending June 20:

  • 30-year fixed-rate mortgages: averaged 3.93 percent, with an average 0.8 point, dropping from last week’s 3.98 percent average. A year ago at this time, 30-year rates averaged 3.66 percent.
  • 15-year fixed-rate mortgages: averaged 3.04 percent, with an average 0.7 point, dropping from last week’s 3.10 percent average. A year ago, 15-year rates averaged 2.95 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 2.79 percent, with an average 0.5 point, holding the same as last week. Last year at this time, 5-year ARMs averaged 2.77 percent.

Source: Freddie Mac