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
Homebuilders Cheer Delay Of Trump Trade War

Canada and Mexico stave off tariffs on billions of dollars of materials crucial to the U.S. homebuilding industry

Feb 04, 2025
OCMBC President Arrested For DUI, Murder

Serene Vernon (Rosenberg) had three prior convictions, per a police report

Feb 02, 2025
Trump Fires CFPB Director Chopra

Chopra posts a letter to X with his final statements

American Heritage Lending Halts Funding Loans In Maryland

AHL suspended the ability to lock new consumer loans in Maryland, effective immediately

Jan 31, 2025
Katie Sweeney Joins Rocket Pro To Lead Broker Strategy, Advocacy

The former AIME chairwoman and CEO asks the broker community, particularly Rocket Pro’s brokers, to trust her. 

Jan 29, 2025
CoreLogic Chief Economist On Witnessing The Insurance Crisis Firsthand

"I could have lost all my equity,” says Selma Hepp, who lives and works on the frontline of housing's biggest challenge in 2025

Jan 20, 2025