Mortgage rates continued to steadily decline, maintaining a recent downward trend in rates, according to Freddie Mac’s latest Primary Mortgage Market Survey.

In fact, Sean Becketti, chief economist with Freddie Mac, said, “Not only did the average 30-year fixed-rate mortgage decline for the fourth consecutive week in our survey, it also fell to a new 2017 low.”

The chart below gives an overview of how mortgage rates have moved since April 2016.

Click to enlarge

mortgage rates

(Source: Freddie Mac)

The 30-year fixed-rate mortgage averaged 4.08% for the week ending April 13, 2017, down from last week’s average of 4.10%. A year ago at this time, the 30-year FRM averaged 3.58%. 

Similarly, the 15-year FRM this week averaged 3.34%, falling from last week’s average of 3.36%. A year ago at this time, the 15-year FRM averaged 2.86%. 

The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.18% this week, declining from an average of 3.19% last week. A year ago, the 5-year ARM averaged 2.84%.

Most Popular Articles

Are mortgage rates about to hit an all-time low?

The lowest mortgage rates have ever been was around Thanksgiving 2012 when the interest rate for a 30-year fixed-rate mortgage fell to 3.31% (according to Freddie Mac data), but rising panic over the coronavirus could drive rates to lows never seen before. HW+ Premium Content

Feb 25, 2020 By

Latest Articles

The looming concerns servicers might be ignoring

Breaking down the biggest trends and concerns servicers should be thinking about, TMS Chief Compliance Officer Shanya Arrington sat down with HousingWire to offer some exclusive insights on what’s happening in the servicing space. HW+ Premium Content

Feb 27, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please