The WPJ
Residential Real Estate News
Mortgage Rates Hold Steady in the U.S.
According to Freddie Mac's latest Primary Mortgage Market Survey, the average U.S. mortgage rate did not deviating from the previous week.
Sean Becketti, chief economist at Freddie Mac, "The 10-year Treasury yield was relatively flat this week, as was the 30-year mortgage rate which rose 1 basis point to 3.93 percent. Despite a strong advance estimate for second quarter GDP, markets are erring on the side of caution."
Freddie Mac News Facts
- 30-year fixed-rate mortgage (FRM) averaged 3.93 percent with an average 0.5 point for the week ending August 3, 2017, up from last week when it averaged 3.92 percent. A year ago at this time, the 30-year FRM averaged 3.43 percent.
- 15-year FRM this week averaged 3.18 percent with an average 0.5 point, down from last week when it averaged 3.20 percent. A year ago at this time, the 15-year FRM averaged 2.74 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.15 percent this week with an average 0.5 point, down from last week when it averaged 3.18 percent. A year ago at this time, the 5-year ARM averaged 2.73 percent.
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