Mortgage rates dropped for the third week in a row after rising significantly after President-elect Donald Trump won the election, however, the 10-year Treasury did see an increase.

“After trending down for most of the week, the 10-year Treasury yield rose following the release of the CPI report,” Freddie Mac Chief Economist Sean Becketti said.

Click to Enlarge

1-19-17

(Source: Freddie Mac)

The 30-year fixed-rate mortgage decreased yet again to 4.09% for the week ending Jan. 19, 2017. This is down from last week’s 4.12% but still up from last year’s 3.81%.

The 15-year FRM decreased from last week’s 3.37% to 3.34% this week. This is still up from last year’s 3.1%.

The five-year Treasury-indexed hybrid adjustable-rate mortgage decreased to 3.21%, down from 3.23% last week but up from last year’s 2.91%.

“In contrast, the 30-year mortgage rate fell three basis points to 4.09%, the third straight week of declines,” Becketti said.

Latest Articles

RealPage: The size of the average U.S. household is growing

For the first time since 1850, the average size of the U.S. household is on the rise, RealPage says. And it’s not just the kids or Millennials, either. Households are becoming multi-generational.

Nov 12, 2019 By