The WPJ
Residential Real Estate News
U.S. Mortgage Rates Rise in Late January
According to Freddie Mac's latest Primary Mortgage Market Survey, U.S. mortgage rates moved up slightly in late January 2019, after weeks of moderating.
Sam Khater, Freddie Mac's chief economist, says, "Purchase applications were down this week after soaring early in the year. However, softening house price appreciation along with increasing inventory of homes on the market - and historically low mortgage rates - should give a boost to the spring homebuying season."
Freddie Mac News Facts
Sam Khater, Freddie Mac's chief economist, says, "Purchase applications were down this week after soaring early in the year. However, softening house price appreciation along with increasing inventory of homes on the market - and historically low mortgage rates - should give a boost to the spring homebuying season."
Freddie Mac News Facts
- 30-year fixed-rate mortgage (FRM) averaged 4.46 percent with an average 0.5 point for the week ending January 31, 2019, up from last week when it averaged 4.45 percent. A year ago at this time, the 30-year FRM averaged 4.22 percent.
- 15-year FRM this week averaged 3.89 percent with an average 0.4 point, up from last week when it averaged 3.88 percent. A year ago at this time, the 15-year FRM averaged 3.68 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.96 percent with an average 0.3 point, up from last week when it averaged 3.90 percent. A year ago at this time, the 5-year ARM averaged 3.53 percent.
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