Average Mortgage Rates Hit Lowest Level of 2017

May 25, 2017

Average mortgage rates fell to their lowest level of the year, according to Freddie Mac’s Primary Mortgage Market Survey for the week ending May 25.

The 30-year fixed-rate mortgage (FRM) averaged 3.95 percent, down from last week when it averaged 4.02 percent. The 15-year FRM this week averaged 3.19 percent, down from last week when it averaged 3.27 percent. And the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.07 percent this week, down from last week when it averaged 3.13 percent. A year ago

"As we predicted, the 30-year mortgage rate fell seven basis points this week in a delayed reaction to last week's sharp drop in Treasury yields,” said Sean Becketti, Freddie Mac’s chief economist. “The survey rate stands at 3.95 percent today, a new low for the year."

About the author

Phil Hall

Link copied

Published

May 25, 2017

Analysis and Data

Homeownership Slips Further Away For Californians

Only 18% of Californians could afford a median-priced home in 2024, with affordability gaps persisting across ethnic groups

Buying a home in California became even harder across all ethnic groups last year, as surging mortgage costs pushed affordability further out of reach, according to the California Association of Realtors (C.A.R.). Only 18% of Californians earned enough to purchase the sta...

Analysis and Data

Mr. Cooper Shrinks Originations But Strengthens Borrower Retention Ahead Of Rocket Merger

Loan production fell 10% in Q1, but purchase share climbed and borrower recapture hit 51% amid broader strategic realignment

Mr. Cooper Group reported first-quarter 2025 results that reflect a mixed environment for mortgage production and servicing, as the company emphasized operational stability and strategic expansion despite a slowdown in origination volume. Loan Production Mr. Cooper fun...