Skip to main content

30-Year Fixed Mortgage Rate at New 2017 Low

Jun 01, 2017
The Mortgage Bankers Association (MBA) is raising concerns with the Consumer Financial Protection Bureau (CPFB) regarding the effectiveness of its TRID Integrated Disclosure Rule

The 30-year fixed mortgage rate dropped for the third consecutive week and set a new low for the year, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS).
 
The 30-year fixed-rate mortgage (FRM) averaged 3.94 percent for the week ending June 1, down from last week when it averaged 3.95 percent. Still, this level is higher than the same time in 2016, when the 30-year FRM averaged 3.66 percent. 
 
However, the other rate news was not negative. The 15-year FRM this week averaged 3.19 percent, unchanged from last week. And the five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.11 percent this week, up from last week when it averaged 3.07 percent. 

 
About the author
Published
Jun 01, 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