Mortgage rates climbed again this week, inching ever closer to 3 percent as confidence in the economy begins to climb, according to Freddie Mac’s weekly Primary Mortgage Market Survey released Thursday. The survey found: The 30-year fixed-rate mortgage averaged 2.97 percent with an average 0.6 point for the week ending February 25, 2021, up from last week’s 2.81 percent and down from 3.45 percent last year at this time.The 15-year fixed-rate mortgage averaged 2.34 percent with an average 0.6 point, up from last week’s 2.21 percent and down from last year’s 2.95 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.99 percent with an average 0.1 point, up from last week’s 2.77 percent and down from last year’s 3.20 percent. “Optimism…
Mortgage rates climbed for the first time in weeks but remain near historically low levels, according to the weekly Primary Mortgage Market Survey released Thursday by Freddie Mac. The survey found: The 30-year fixed-rate mortgage averaged 2.81 percent with an average 0.7 point for the week, up from last week’s 2.73 percent and 3.49 percent last year at this time.The 15-year fixed-rate mortgage averaged 2.21 percent with an average 0.7 point, up from last week’s 2.19 percent and last year’s 2.99 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.77 percent with an average 0.2 point, down from last week’s 2.79 percent and last year’s 3.25 percent. The 30-year fixed-rate mortgage is at its highest point since mid-November. “Economic spending has…
Mortgage rates aren’t budging. For the second week in a row, the 30-year fixed-rate mortgage average didn’t move at all, according to Freddie Mac’s weekly Primary Mortgage Market Survey released Thursday. The survey found: The 30-year fixed-rate mortgage averaged 2.73 percent with an average 0.7 point, unchanged from last week and well below last year’s 3.47 percent.The 15-year fixed-rate mortgage averaged 2.19 percent with an average 0.6 point, down from last week’s 2.21 percent and last year’s 2.97 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.79 percent with an average 0.2 point, up slightly from last week’s 2.78 percent and down from last year’s 3.28 percent. “It’s a tale of two economies. The services economy remains in the doldrums, but…
Mortgage rates didn’t budge this week – and that’s good news for borrowers. Freddie Mac’s Primary Mortgage Market Survey released Thursday showed: The 30-year fixed-rate mortgage averaged 2.73 percent with an average 0.7 point, unchanged from last week and down from 3.45 percent last year at this time. The 15-year fixed-rate mortgage averaged 2.21 percent with an average 0.6 point, up from last week’s 2.20 percent and last year’s 2.97 percent. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.78 percent with an average 0.3 point, down from last week’s 2.80 percent and last year’s 3.32 percent. “Mortgage rates remained flat this week and near record lows, signifying an economy that continues to struggle,” said Sam Khater, Freddie Mac’s Chief Economist.…
Mortgage rates fell for the second consecutive week, inching closer to the record low levels set earlier this month, according to Freddie Mac’s weekly Primary Mortgage Market Survey released Thursday. The survey found: The 30-year fixed-rate mortgage averaged 2.73 percent with an average 0.7 point, down from last week’s averaged 2.77 percent and last year’s 3.51 percent.The 15-year fixed-rate mortgage averaged 2.20 percent with an average 0.6 point, down from last week’s 2.21 percent and last year’s 3.00 percent.The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.80 percent with an average 0.3 point, unchanged from last week and down from last year’s 3.24 percent. “As the market reacts to a new administration in Washington and COVID-19 driven economic malaise, mortgage rates…
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 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…
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 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…
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…
