Mortgage Rates Back Below 3%

The 30-year fixed-rate mortgage average fell below 3 percent for the week again in Freddie Mac’s weekly Primary Mortgage Market Survey released Thursday. The survey found: The 30-year fixed-rate mortgage averaged 2.95 percent with an average 0.7 point for the week, down from last week’s 3 percent and 3.15 percent last year at this time.The 15-year fixed-rate mortgage averaged 2.27 percent with an average 0.6 point, down from last week’s 2.29 percent and last year’s 2.62 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.59 percent with an average 0.2 point, unchanged from last week and down from last year’s 3.13 percent.  “Mortgage rates are down below three percent, continuing to offer many homeowners the potential to refinance and increase their…

Mortgage Rates At Exactly 3%

Average 30-year mortgage rates edged up to 3.00 percent this week, Freddie Mac announced Thursday in its weekly Primary Mortgage Market Survey. The survey found: The 30-year fixed-rate mortgage averaged 3.00 percent with an average 0.6 point for the week, up from last week’s 2.94 percent and down from 3.24 percent last year at this time.The 15-year fixed-rate mortgage averaged 2.29 percent with an average 0.7 point, up from last week’s 2.26 percent and down from last year’s 2.70 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.59 percent with an average 0.3 point, unchanged from last week and down from last year’s 3.17 percent. “After a run up over the first few months of the year, rates have paused and…

Mortgage Rates Parked Below 3%

Mortgage rates are holding steady below 3 percent in Freddie Mac’s weekly Primary Mortgage Market Survey released Thursday. The survey found: The 30-year fixed-rate mortgage averaged 2.94 percent with an average 0.7 point, down from last week’s 2.96 percent and last year’s 3.28 percent.The 15-year fixed-rate mortgage averaged 2.26 percent with an average 0.6 point, down from last week’s 2.30 percent and last year’s 2.72 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.59 percent with an average 0.3 point, down from last week’s 2.70 percent and last year’s 3.18 percent. “Since the most recent peak in April, mortgage rates have declined nearly a quarter of a percent and have remained under three percent for the past month,” said Sam Khater,…

Mortgage Rates Slide To 2.96%

Mortgage rates dropped slightly again, remaining under 3 percent for the week, according to Freddie Mac’s weekly Primary Mortgage Market Survey released Thursday. The survey found: The 30-year fixed-rate mortgage averaged 2.96 percent with an average 0.6 point for the week, down from last week’s 2.98 percent and last year’s 3.26 percent.The 15-year fixed-rate mortgage averaged 2.30 percent with an average 0.6 point, down from last week’s when it averaged 2.31 percent and last year’s 2.73 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.70 percent with an average 0.3 point, up from last week’s 2.64 percent and below last year’s 3.14 percent. “Mortgage rates have remained under three percent for three consecutive weeks,” said Sam Khater, Freddie Mac’s Chief Economist.…

Mortgage Rates Remain Below 3%

Still below 3 percent. Mortgage rates inched up ever so slightly this week to 2.98 percent, Freddie Mac reported Thursday in its weekly Primary Mortgage Market Survey. The survey found: The 30-year fixed-rate mortgage averaged 2.98 percent with an average 0.7 point for the week, up from last week’s 2.97 percent and down from last year’s 3.23 percent.The 15-year fixed-rate mortgage averaged 2.31 percent with an average 0.7 point, up from last week’s 2.29 percent and down from last year’s 2.77 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.64 percent with an average 0.3 point, down from last week’s 2.83 percent and last year’s 3.14 percent. “In light of the rising COVID caseloads globally, U.S. Treasury yields stopped moving up…

Mortgage Rates Drop Below 3% Again

Mortgage rates fell below 3 percent again this week for the first time since April, Freddie Mac reported Thursday in its weekly Primary Mortgage Market Survey. The survey found: The 30-year fixed-rate mortgage averaged 2.97 percent with an average 0.7 point for the week, down from last week’s 3.04 percent and last year’s 3.33 percent.The 15-year fixed-rate mortgage averaged 2.29 percent with an average 0.6 point, down from last week’s 2.35 percent and last year’s 2.86 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.83 percent with an average 0.3 point, up from last week’s 2.80 percent and down from last year’s 3.28 percent. “The drop in mortgage rates is good news for homeowners who are still looking to take advantage…

Mortgage Rates Dip Toward 3% Again

Mortgage rates fell for the second week in a row, with the 30-year fixed-rate mortgage average 3.04 percent, according to Freddie Mac’s Primary Mortgage Market Survey released Thursday. The survey found: The 30-year fixed-rate mortgage averaged 3.04 percent with an average 0.7 point for the week, down from last week’s 3.13 percent and last year’s 3.31 percent.The 15-year fixed-rate mortgage averaged 2.35 percent with an average 0.7 point, down from last week’s 2.42 percent and last year’s 2.80 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.80 percent with an average 0.4 point, down from last week’s 2.92 percent and last year’s 3.34 percent.  “The economy is improving on the demand side and on the supply side, a variety of goods…

Mortgage Rates Drop, Ending Streak

The streak is over. After seven straight weeks of increases, mortgage rates dropped this week as the 30-year fixed-rate mortgage averaged 3.13 percent, according to Freddie Mac’s weekly Primary Mortgage Market Survey released Thursday. The survey found: The 30-year fixed-rate mortgage averaged 3.13 percent with an average 0.7 point for the week, down from last week’s 3.18 percent and last year’s 3.33 percent at this time.The 15-year fixed-rate mortgage averaged 2.42 percent with an average 0.6 point, down from last week’s 2.45 percent and last year’s 2.77 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.92 percent with an average 0.1 point, up from last week’s 2.84 percent and down from last year’s 3.40 percent. “As the economy recovers, it should…

Mortgage Rates Largely Steady For Week

The 30-year fixed-rate mortgage increased for the seventh straight week – but it was a tiny one this week, according to Freddie Mac’s weekly Primary Mortgage Market Survey released Thursday. The survey found: The 30-year fixed-rate mortgage averaged 3.18 percent with an average 0.7 point, up from last week’s 3.17 percent and down from last year’s 3.33 percent at this time.The 15-year fixed-rate mortgage averaged 2.45 percent with an average 0.6 point, unchanged from last week and down from last year’s 2.82 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.84 percent with an average 0.3 point, unchanged from last week and below last year’s 3.40 percent. “Although mortgage rates remain low, we are beginning to see a pullback by those…

Mortgage Rates Increase For 6th Straight Week

Mortgage rates continued their steady climb north of 3 percent this week, with the 30-year fixed-rate mortgage reaching its highest level since last June, according to Freddie Mac’s weekly Primary Mortgage Market Survey released Thursday. The survey found: The 30-year fixed-rate mortgage averaged 3.17 percent with an average 0.7 point, up from last week’s 3.09 percent and down from the 3.50 percent last year at this time.The 15-year fixed-rate mortgage averaged 2.45 percent with an average 0.6 point, up from last week’s 2.40 percent and down from last year’s 2.92 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.84 percent with an average 0.2 point, up from last week’s 2.79 percent and last year’s 3.34 percent. “During the course of the…