Keep up with current rates and news at HousingWire’s Mortgage Rates Center. Rates are updated twice weekly based on data from the Mortgage Bankers Association (MBA) and Freddie Mac‘s Primary Mortgage Market Survey (PMMS).
The average rate for a 30-year fixed loan fell two basis points last week to 2.77%. Now 12 basis points above the record low set Jan. 7, rates more closely resemble those seen over two months ago. The 15-year fixed mortgage rate also shifted downward to 2.21.
The average rate for a 30-year fixed loan rose from its previous record low by 14 basis points this week to 2.79%. This marks the first time mortgage rates have risen in almost two months. The 15-year fixed rate also rose slightly this week from 2.16% to 2.23%.