Mortgage Rates Take a Slight Tumble

Oct 19, 2017

Mortgage rates were mostly down this week, according to the latest Freddie Mac Primary Mortgage Market Survey (PMMS).

The 30-year fixed-rate mortgage (FRM) averaged 3.88 percent for the week ending Oct. 19, down from last week when it averaged 3.91 percent. The 15-year FRM this week averaged 3.19 percent, down from last week when it averaged 3.21 percent. However, the five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.17 percent this week, up from last week when it averaged 3.16 percent.

Separately, Bankrate.com issued its own mortgage rate data relating to refinancing. According to the company, the average 30-year fixed-refinance rate is 3.80 percent, unchanged since the same time last week, while the average for a 15-year fixed-refinance rate is 3.11 percent, up four basis points over the last week. The average rate for a 10-year fixed-refinance loan is 3.01 percent, unchanged from a week ago.

Mortgage rates were mostly down this week, according to the latest Freddie Mac Primary Mortgage Market Survey (PMMS).

About the author

Phil Hall

Link copied

Published

Oct 19, 2017

Analysis and Data

It's A Buyers' Market In Texas And Florida!!!

Redfin says sellers are cutting their asking prices in the two southern states.

Two states in particular are experiencing a ballooning supply of homes for sale this spring, paired with modest price cuts to entice buyers. A new report from Redfin indicates that housing supply is surging in Florida and Texas, and sellers are cutting their asking prices...

Analysis and Data

Pending Home Sales Climbed 3.4% In March

National Association of Realtors reports gains in Northeast, South and West, with a slight drop in the Midwest

Homes under contract are rising at a cautiously hopeful pace this spring. The National Association of Realtors’ Pending home Sales Index climbed 3.4% in March, increasing to 78.2. Year-over-year, pending transactions were up 0.1%. “March's Pending Home Sales Index – at...