Apr 15, 2016
Freddie Mac: 30-, 15-year FRMs down from last week
McLEAN, VA – Freddie Mac yesterday released the results of its Primary Mortgage Market Survey, which shows 30- and 15-year mortgage rates declining slightly from last week to reach a new low for the year.The...
McLEAN, VA – Freddie Mac yesterday released the results of its Primary Mortgage Market Survey, which shows 30- and 15-year mortgage rates declining slightly from last week to reach a new low for the year.
The 30-year, fixed-rate mortgage (FRM) averaged 3.58 percent with an average 0.5 point for the week ending April 14, down from last week’s 3.59 percent. A year ago at this time, the 30-year FRM averaged 3.67 percent.
The 15-year FRM averaged 2.86 percent with an average 0.5 point, down from 2.88 percent last week. It averaged 2.94 percent a year ago.
Meanwhile, the five-year, Treasury-indexed, hybrid, adjustable-rate mortgage (ARM) averaged 2.84 percent with an average 0.4 point, up from last week’s 2.82 percent. A year ago, it averaged 2.88 percent.
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