30-Year Mortgage Rates Fall To 2.77%

Mortgage rates decreased slightly this week, remaining firmly below 3 percent – where they have remained since late July, according to Freddie Mac’s weekly Primary Mortgage Market Survey released Thursday. The survey found: The 30-year fixed-rate mortgage averaged 2.77 percent with an average 0.7 point, down from last week’s 2.79 percent and last year’s 3.60 percent.The 15-year fixed-rate mortgage averaged 2.21 percent with an average 0.6 point, down from last week’s 2.23 percent and last year’s 3.04 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 3.12 percent and last year’s 3.28 percent. “Mortgage rates have hovered near historic lows for almost a year, fueling purchase and refinance activity amid a…

Mortgage Rates Climb But Remain Low

Mortgage rates climbed to their highest levels since mid-November, with the 30-year fixed-rate mortgage averaging 2.79 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 2.79 percent with an average 0.7 point, up from last week’s 2.65 percent and down from last year’s 3.65 percent.The 15-year fixed-rate mortgage averaged 2.23 percent with an average 0.7 point, up from last week’s 2.16 percent and down from last year’s 3.09 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.12 percent with an average 0.4 point, up from last week’s 2.75 percent and down from last year’s 3.39 percent. “As Treasury yields have risen, it is putting pressure on mortgage…

New Year, New Record For Mortgage Rates

The new year brought the same old story – record low mortgage rates. Freddie Mac’s weekly Primary Mortgage Market Survey released Thursday showed the 30-year fixed-rate mortgage plunged to their lowest levels in the survey’s history, dating back to 1971. The survey found: The 30-year fixed-rate mortgage averaged 2.65 percent with an average 0.7 point, down from last week’s 2.67 percent and 3.64 percent last year at this time.The 15-year fixed-rate mortgage averaged 2.16 percent with an average 0.6 point, down from last week’s 2.17 percent and last year’s 3.07 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.75 percent with an average 0.3 point, up from last week’s when it averaged 2.71 percent and last year’s 3.30 percent. “A new…

Mortgage Rates Close 2020 Near Record Lows

Mortgage rates closed 2020 where they spent much of the year – near historic lows. For the week ending December 31, Freddie Mac’s weekly Primary Mortgage Market Survey found: The 30-year fixed-rate mortgage averaged 2.67 percent with an average 0.7 point, up slightly from last week’s record low 2.66 percent and well below last year’s 3.72 percent.The 15-year fixed-rate mortgage averaged 2.17 percent with an average 0.7 point, down from last week’s 2.19 percent and last year’s 3.16 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.71 percent with an average 0.4 point, down from last week’s 2.79 percent and last year’s 3.46 percent. “All eyes have been on mortgage rates this year, especially the 30-year fixed-rate, which has dropped more…

Mortgage Rates Dip To 2.66%

Another week, another new record low for mortgage rates. Freddie Mac released its weekly Primary Mortgage Market Survey on Thursday, showing the average 30-year fixed-rate mortgage dropped to 2.66 percent – the lowest rate in the survey’s 50-year history. The survey found: The 30-year fixed-rate mortgage averaged 2.66 percent with an average 0.7 point for the week ending Christmas Eve, down from last week’s 2.67 percent and last year’s 3.74 percent.The 15-year fixed-rate mortgage averaged 2.19 percent with an average 0.5 point, down from last week’s 2.21 percent and last year’s 3.19 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.79 percent with an average 0.2 point, unchanged from last week and down from last year’s 3.45 percent. “The housing market…

Record Low Mortgage Rates Once Again

Mortgage rates have tumbled to a new all-time low, falling to a 2.67 percent, according to the weekly Primary Mortgage Market Survey released by Freddie Mac. The survey released Thursday found: The 30-year fixed-rate mortgage averaged 2.67 percent with an average 0.7 point for the week ending December 17, down from last week’s 2.71 percent and last year’s 3.73 percent.The 15-year fixed-rate mortgage averaged 2.21 percent with an average 0.6 point, down from last week’s 2.26 percent and last year’s 3.19 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.79 percent with an average 0.3 point, unchanged from last week and down from last year’s 3.36 percent. “The housing market continues to surge higher and support an otherwise stagnant economy that…

Mortgage Rates Stuck At Record Low

Mortgage rates in the United States didn’t budge from record-low levels this week, Freddie Mac reported Thursday in its weekly Primary Mortgage Market Survey. The survey found: The 30-year fixed-rate mortgage averaged 2.71 percent with an average 0.7 point for the week, unchanged from last week and down from last year at this time when it averaged 3.73 percent.The 15-year fixed-rate mortgage averaged 2.26 percent with an average 0.6 point, also unchanged from last week and down from last year’s 3.19 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.79 percent with an average 0.3 point, down from last week’s 2.86 percent and last year’s 3.36 percent. “Mortgage rates remain at record lows, resisting their typical correlation to Treasury yields, which…

Mortgage Rates Inch Down To New Record

New month, another new record. The 30-year fixed-rate mortgage dropped to its lowest level in history again this week, according to Freddie Mac’s weekly Primary Mortgage Market Survey released Thursday. The survey found: The 30-year fixed-rate mortgage averaged 2.71 percent with an average 0.7 point for the week ending December 3, 2020, down from last week’s 2.72 percent and last year’s 3.68 percent.The 15-year fixed-rate mortgage averaged 2.26 percent with an average 0.6 point, down from last week’s 2.28 percent and last year’s 3.14 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.86 percent with an average 0.3 point, down from last week’s when it averaged 3.16 percent and last year’s 3.39 percent. “Despite persistently low mortgage rates, home sales have…

Mortgage Rates Steady At 2.72%

Mortgage rates didn’t budget this week from their record low, Freddie Mac reports in its weekly Primary Mortgage Market Survey. They survey found: The 30-year fixed-rate mortgage averaged 2.72 percent with an average 0.7 point, unchanged from last week and well below last year’s 3.68 percent.The 15-year fixed-rate mortgage averaged 2.28 percent with an average 0.6 point, also unchanged from last week and down from last year’s 3.15 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.16 percent with an average 0.3 point, up from last week’s 2.85 percent and down from last year’s 3.43 percent. “Mortgage rates remain at record lows and while that has fueled a refinance boom, it’s been driven mainly by higher income borrowers. With about 20…

Mortgage Rates Plunge To New Record Low

It’s a Lucky 13 for borrowers. For the 13th time this year, 30-year fixed-rate mortgage rates set a new record low – this time falling to 2.72 percent, according to a Freddie Mac’s Primary Mortgage Market Survey released Thursday. The survey found: The 30-year fixed-rate mortgage averaged 2.72 percent with an average 0.7 point for the week, down from last week’s 2.84 percent and last year’s 3.66 percent.The 15-year fixed-rate mortgage averaged 2.28 percent with an average 0.6 point, down from last week’s 2.34 percent and last year’s 3.15 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.85 percent with an average 0.3 point, down from last week’s 3.11 percent and last year’s 3.39 percent. “Weaker consumer spending data, which accounts…