Mortgage

Freddie Mac: Mortgage rates rise slightly, expected to remain low

The 30-year fixed-rate mortgage averaged 4.12% this week

Mortgage rates continued to rise further for the week ending April 11, 2019, according to the latest Freddie Mac Primary Mortgage Market Survey.

In fact, the 30-year fixed-rate mortgage averaged 4.12% according to the survey, climbing from last week's rate of 4.08%.

Once again, this week’s rate is much lower than 2018’s rate of 4.42%.

“Rates moved up slightly this week while mortgage applications decreased following last week’s jump in rates – indicating borrower sensitivity to changing mortgage rates,” Freddie Mac Chief Economist Sam Khater said. “Despite the recent rise, we expect mortgage rates to remain low, in line with the low 10-year treasury yields, boosting homebuyer demand in the next few months.”

The 15-year FRM averaged 3.60% this week, rising from last week’s 3.56%. This time in 2018, the 15-year FRM was significantly higher coming in at 3.87%.

Lastly, the five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.80%, moving forward from last week’s rate of 3.66%. This rate remains moderately higher than the same time period last year, when it averaged 3.61%.

(Click to enlarge)

Freddie Mac: Mortgage Rates 4/11/19

Most Popular Articles

The housing market faced uncertainty in March, but now ‘it’s a circus’

The housing market faced a lot of uncertainty when COVID-19 caused the real estate industry to pause under shut-downs, but low interest rates and the desire for more space have turned this year into a boom time for real estate agents.

Oct 21, 2020 By

Latest Articles

The housing bubble boys blew it in 2020

The NAR existing home sales report released today blew out all estimates with 6,540,000 in existing home sales. This epic headline punctured any 2020 bubbles the housing bubble boys had left in their arsenal. But before we get too excited, keep in mind we are still down 0.2% year to date compared to 2019 levels. Still, this seems like a booming housing market, right?

Oct 22, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please