Freddie Mac: Mortgage rates hover just above 2017 lows

Drop from last week

Mortgage rates dropped for the third consecutive week to just above 2017’s low, and Friday’s jobs report could either push them to the lowest point or reverse the three-week trend.

“After three straight weeks of declines, the 30-year mortgage rate is now barely above the 2017 low,” Freddie Mac Chief Economist Sean Becketti said. “Next week’s survey rate may be determined by Friday’s employment report and whether or not it can sustain the strength from earlier this year.”

Click to Enlarge


(Source: Freddie Mac)

The 30-year fixed-rate mortgage dropped to 4.1% for the week ending April 6, 2017. This is down from last week’s 4.14% but still up from last year’s 3.59%.

Similarly, the 15-year FRM also dropped to 3.36%, down from last week’s 3.39% but still up from last year’s 2.88%.

The five-year Treasury-indexed hybrid adjustable-rate mortgage increased slightly to 3.19%. This is up from last week’s 3.18% and from last year’s 2.82%.

“The 10-year Treasury yield was relatively unchanged this week, while the 30-year mortgage rate fell four basis points to 4.1%,” Becketti said.

Most Popular Articles

Caliber Home Loans CEO Sanjiv Das steps down

Sanjiv Das, CEO of Caliber Home Loans, is stepping down as CEO of the company, less than one year after New Residential Investment Corp. (Newrez) acquired the mortgage lender and servicer, sources familiar with the situation confirmed. 

Latest Articles

Why It’s Time for Foreclosure Tech Innovation

Hosted by Stavvy Collateral valuation is a critical component of mortgage lending and the home sales With the federal foreclosure moratorium expiring in 2022, the market will undoubtedly see growth in foreclosure transactions as it tries to catch up on both past and present loans. The return to working foreclosure is a perfect opportunity for […]

Jan 27, 2022 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please