Skip to main content

Mortgage Rates Down Again

Mar 30, 2017

Average mortgage rates fell for a second consecutive week, according to Freddie Mac’s Primary Mortgage Market Survey for the week ending March 30.
 
The 30-year fixed-rate mortgage (FRM) averaged 4.14 percent, down from last week when it averaged 4.23 percent, while the 15-year FRM this week averaged 3.39 percent, down from last week when it averaged 3.44 percent. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.18 percent this week, down from last week when it averaged 3.24 percent.
 
Sean Becketti, chief economist at Freddie Mac, emphasized the week’s positive news rather the new dismal data. “Despite recent mortgage rate fluctuation, new home sales far exceeded expectations in February and jumped 6.1 percent to an annualized rate of 592,000,” he said.
About the author
Published
Mar 30, 2017
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024