Mortgage rates on average clicked down this week, continuing steady at low levels, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The 30-year, fixed mortgage rate was 3.90 percent, on average, while the 15-year, fixed rate was 3.17 percent, on average. The 5-year, Treasury-indexed hybrid adjustable rate was 3.14 percent, on average.
“Following last week’s sharp decline, the 10-year Treasury yield rose three basis points this week,” says Sean Becketti, chief economist at Freddie Mac. “The 30-year mortgage rate remained relatively flat, falling one basis point to 3.90 percent. Mortgage rates are continuing to hold at year-to-date lows amidst ongoing economic uncertainty.”
Source: Freddie Mac