Mortgage

Freddie Mac: Mortgage rates hold steady for third consecutive week

30-year fixed-rate mortgage stays at 4.45%

Mortgage rates held their ground for the third week in a row, according to the latest Freddie Mac Primary Mortgage Market Survey.

According to the survey, the 30-year fixed-rate mortgage averaged 4.45% for the week ending Jan. 24, 2019, remaining unchanged from last week’s percentage. Once again, this is still a significant increase from last year’s rate of 4.15%.

“Mortgage rates have stabilized during the last month and are essentially at the same level as last spring – yet the most recent home sales are roughly half a million lower over the same period,” Freddie Mac Chief Economist Sam Khater said. “Given that the economy remains on solid footing and weekly mortgage purchase application activity has been strong so far in 2019, we expect the decline in home sales to moderate or even reverse over the next couple of months.”

 (Click to enlarge)

Freddie Mac - Jan 24

The 15-year FRM averaged 3.88% this week, holding steady from last week’s average. Notably, this time last year, the 15-year FRM was 3.62%.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.9%, moving forward from 3.87% the week before. The rate remains higher than this time in 2018 when it averaged 3.52%.

Most Popular Articles

FHA loan limits increasing for almost all of U.S. in 2020

Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020.

Dec 05, 2019 By

Latest Articles

HousingWire is growing. Come join us

2019 has been a year of tremendous audience and product growth for HousingWire and we couldn’t be prouder. But we’re not ready to rest on our laurels. Far from it. In fact, 2020 promises to be an even bigger year for HousingWire.

Dec 06, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please