Mortgage

Freddie Mac: Mortgage rates slip after 2 weeks of increases

10-year Treasury falls 6 basis points

Mortgage rates fell for the first time in two weeks, falling further away from the 4% mark, according to Freddie Mac’s Primary Mortgage Market Survey.

“Rates came down slightly this week, ending a brief, two-week streak of increases,” Freddie Mac Chief Economist Sean Becketti said.

Click to Enlarge

10-19-17

(Source: Freddie Mac)

The 30-year fixed-rate mortgage dropped to 3.88% for the week ending October 19, 2017. This is down from last week’s 3.91%, but up from 3.52% last year.

The 15-year FRM also decreased, falling from 3.21% last week to 3.19%. This is still up from 2.79% last year.

The five-year Treasury-indexed hybrid adjustable-rate mortgage ticked up slightly, rising to 3.17%, up from 3.16% last week and 2.85% last year.

“The 10-year Treasury yield dipped six basis points, while the 30-year fixed mortgage rate fell three basis points to 3.88%,” Becketti said.

Most Popular Articles

Is the housing market already rebounding from COVID-19?

In early April, HousingWire Columnist Logan Mohtashami wrote about five indicators that would show when “America is back.” Now, he’s checking in on each data point to see where the U.S. housing market stands.

May 26, 2020 By

Latest Articles

[PULSE] Does the mortgage industry view foreclosure as a last resort?

Even in normal conditions foreclosure is a cumbersome solution to the problem of the defaulting borrower. It can produce vacant and abandoned properties, because as soon as the residents receive notice that the house will be going into foreclosure, they face uncertainty about when they will be ousted, which prompts many to vacate the premises before getting thrown out.

May 28, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please