The WPJ
Residential Real Estate News
Mortgage Rates Move Lower in U.S.
According to Freddie Mac's weekly Primary Mortgage Market Survey (PMMS), the average fixed mortgage rate moved lower for the first time in four weeks and remaining near late May, 2013 lows.
Freddie Mac's deputy chief economist Len Kiefer said, "Mortgage rates fell across the board, with the 30-year fixed rate mortgage reading 3.75 percent this week. Real GDP growth for the fourth quarter was revised down to 2.2 percent. Consumer prices fell more than expected in January, tumbling 0.7 percent."
Freddie Mac News Facts
- 30-year fixed-rate mortgage (FRM) averaged 3.75 percent with an average 0.6 point for the week ending March 5, 2015, down from last week when it averaged 3.80 percent. A year ago at this time, the 30-year FRM averaged 4.28 percent.
- 15-year FRM this week averaged 3.03 percent with an average 0.6 point, down from last week when it averaged 3.07 percent. A year ago at this time, the 15-year FRM averaged 3.32 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.96 percent this week with an average 0.5 point, down from last week when it averaged 2.99 percent. A year ago, the 5-year ARM averaged 3.03 percent.
- 1-year Treasury-indexed ARM averaged 2.44 percent this week with an average 0.4 point, unchanged from last week. At this time last year, the 1-year ARM averaged 2.52 percent.
Real Estate Listings Showcase
This website uses cookies to improve user experience. By using our website you consent in accordance with our Cookie Policy. Read More