The WPJ
Residential Real Estate News
Despite Political Uncertainty, U.S. Mortgage Rates Stay Low
According to Freddie Mac's latest Primary Mortgage Market Survey for June 2017, the average U.S. mortgage rate continuing to hold at year-to-date lows amidst ongoing economic uncertainty.
Sean Becketti, chief economist of Freddie Mac said, "Following last week's sharp decline, the 10-year Treasury yield rose 3 basis points this week. The 30-year mortgage rate remained relatively flat, falling 1 basis point to 3.90 percent. Mortgage rates are continuing to hold at year-to-date lows amidst ongoing economic uncertainty."
Freddie Mac News Facts
- 30-year fixed-rate mortgage (FRM) averaged 3.90 percent with an average 0.5 point for the week ending June 22, 2017, down from last week when it averaged 3.91 percent. A year ago at this time, the 30-year FRM averaged 3.56 percent.
- 15-year FRM this week averaged 3.17 percent with an average 0.5 point, down from last week when it averaged 3.18 percent. A year ago at this time, the 15-year FRM averaged 2.83 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.14 percent this week with an average 0.5 point, down from last week when it averaged 3.15 percent. A year ago at this time, the 5-year ARM averaged 2.74 percent.
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