The WPJ
Residential Real Estate News
Mortgage Rates in U.S. Remain Near Record Lows
According to Freddie Mac's latest Primary Mortgage Market Survey, the average U.S. mortgage rate remaining largely unchanged from last week's year-to-date low.
Sean Becketti, chief economist of Freddie Mac says, "Following a sharp decline last week, the 10-year Treasury yield rose 11 basis points this week. The 30-year mortgage rate, however, remained unchanged at 3.78 percent. If Treasury yields continue to rise, mortgage rates could see an increase in next week's survey."
Freddie Mac News Facts
- 30-year fixed-rate mortgage (FRM) averaged 3.78 percent with an average 0.5 point for the week ending September 14, 2017, the same as last week. A year ago at this time, the 30-year FRM averaged 3.50 percent.
- 15-year FRM this week averaged 3.08 percent with an average 0.5 point, the same as last week. A year ago at this time, the 15-year FRM averaged 2.77 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.13 percent this week with an average 0.4 point, down from last week when it averaged 3.15 percent. A year ago at this time, the 5-year ARM averaged 2.82 percent.
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