30-Year FRM Ticks Down Slightly

Mar 28, 2024

Associate Editor

It's averaging 6.79%, Freddie Mac says.

Mortgage rates fell slightly this week, with the 30-year fixed-rate mortgage (FRM) averaging 6.79% according to the results of Freddie Mac’s Primary Mortgage Market Survey, released Thursday.

“Mortgage rates moved slightly lower this week, providing a bit more room in the budgets of some prospective homebuyers,” Freddie Mac’s Chief Economist Sam Khater said in a statement. “We also are seeing encouraging data on existing home sales, which reflects improving inventory. Regardless, rates remain elevated near seven percent as markets watch for signs of cooling inflation, hoping that rates will come down further.”

The 30-year FRM averaged 6.79% as of March 28, 2024, down from last week when it averaged 6.87%. This is still higher than a year ago at this time, when the 30-year FRM averaged 6.32%.

The 15-year FRM averaged 6.11%, down from last week’s 6.21% and up significantly over last year’s 5.56%.

Mortgage Rates

Freddie Mac

About the author

Erica Drzewiecki

Associate Editor

Erica Drzewiecki is an associate editor at NMP.

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Mar 28, 2024

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