Mortgage rates were mostly stagnant in Freddie Mac’s
new Primary Mortgage Market Survey, which covers the week ending June 22.
The 30-year fixed-rate mortgage (FRM) averaged 3.90 percent, down from last week when it averaged 3.91 percent. The 15-year FRM this week averaged 3.17 percent, down from last week when it averaged 3.18 percent. And the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.14 percent, down from last week when it averaged 3.15 percent.
Sean Becketti, Chief Economist at Freddie Mac, commented that the rates data were being driven by non-housing concerns. “Mortgage rates are continuing to hold at year-to-date lows amidst ongoing economic uncertainty,” he said.