Skip to main content

Mortgage Rates Take a Slip

Phil Hall
Mar 02, 2017
www.nrmlaonline.org

The Freddie Mac Primary Mortgage Market Survey (PMMS) has found average mortgage rates in a downward motion for the week ending March 2.
 
The 30-year fixed-rate mortgage (FRM) averaged 4.10 percent, down from last week when it averaged 4.16 percent, while the 15-year FRM this week averaged 3.32 percent, down from last week when it averaged 3.37 percent. The five-year Treasury-indexed hybrid adjustable-rate (ARM) mortgage averaged 3.14 percent, down from last week when it averaged 3.16 percent.
 
"The 10-year Treasury yield remained relatively flat this week, while the 30-year mortgage rate fell six basis points to 4.1 percent," said Sean Becketti, chief economist, Freddie Mac. "Since the beginning of the year, the 10-year Treasury yield has covered a 22 basis point range. The range of movement for the 30-year has been half that, just 11 basis points."
Published
Mar 02, 2017
Reports: Evergrande Group Makes $83.5M Interest Payment

Faltering Chinese development firm fends off default with payment to international bondholders.

Industry News
Oct 22, 2021
FAR Establishes Borrower Engagement Division

Finance of America Reverse LLC announced its formally established Borrower Engagement Division.

Industry News
Oct 22, 2021
Automating Appraisals No Panacea For Removing Bias

With racism 'grandfathered in' to housing prices in minority neighborhoods, a solution to 'unconscious bias' is difficult to find

Industry News
Oct 21, 2021
Reports: Evergrande Group Arranges Bond Extension

Reuters, REDD say company's billionaire chairman has agreed to provide additional collateral to ensure a construction project tied to a $260M bond is completed.

Industry News
Oct 21, 2021
New American Funding Hires Regional Manager

Mark Tribuna will lead effort to expand company's partnership with affordable nonprofit builders in mid-Pacific region

Industry News
Oct 21, 2021
Rocket Pro Announces Initiatives To Boost Brokers

Company brings Rocket Tech, the Rocket Network and Rocket Marketing to mortgage brokers across the country

Industry News
Oct 19, 2021