Mortgage rates hovered near record lows again this week, with the 30-year fixed-rate mortgage averaging 3.21 percent, according to Freddie Mac’s Primary Mortgage Market Survey released Thursday.
“The rebound in homebuyer demand continued this week, driven by mortgage rates that hover near record lows,” said Sam Khater, Freddie Mac’s Chief Economist. “This turnaround in demand, particularly by those who have higher incomes than the typical household, also reflects deferred sales from the spring.”
The survey found that for the week ending June 11:
- 30-year fixed-rate mortgage averaged 3.21 percent with an average 0.9 point, up slightly from last week when it averaged 3.18 percent and down from 3.82 percent a year ago.
- 15-year fixed-rate mortgage averaged 2.62 percent with an average 0.8 point, unchanged from last week. A year ago at this time, it averaged 3.26 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.10 percent with an average 0.4 point, unchanged from last week. A year ago at this time, the 5-year ARM averaged 3.51 percent.
See the full report here.