Mortgage Rates Down Again – NMP
Industry News

Mortgage Rates Down Again

Aug 31, 2017
The third quarter recorded the smallest quarter-to-quarter decline in negative equity since 2010, according to new data from CoreLogic

Average mortgage rates continued to drop, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending Aug. 31.
 
The 30-year fixed-rate mortgage (FRM) averaged 3.82 percent, down from last week when it averaged 3.86 percent. The 15-year FRM this week averaged 3.12 percent, down from last week when it averaged 3.16 percent. And the five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.14 percent this week, down from last week when it averaged 3.17 percent.
 
Sean Becketti, chief economist at Freddie Mac, was optimistic that rising rates were in the near future. “Recent releases of positive economic data could halt the downward trend of mortgage rates,” he said.
http://www.freddiemac.com/pmms/
 
About the author
Phil Hall
Link copied
Published
Aug 31, 2017
Get the NMP Daily
Operations
MBA Expands CONVERGENCE With New Knowledge Hub For Lenders

iEmergent-powered dashboard gives mortgage professionals local market insights on demographics, affordability, and homeownership trends

The Mortgage Bankers Association's (MBA) CONVERGENCE initiative has expanded with the launch of the CONVERGENCE Knowledge Hub, a new online resource designed to help lenders, nonprofit organizations, housing counselors, real estate professionals, and community leaders expand...

Continue reading
People On The Move
Click n' Close Appoints Merv Govender As Chief Information Officer

Veteran technology executive brings nearly three decades of leadership in banking, gaming, and healthcare to oversee AI, cybersecurity, and technology strategy

Click n' Close has appointed Merv Govender as its new chief information officer, adding a technology executive with nearly three decades of experience leading digital transformation initiatives across banking, gaming, and healthcare.In his new role, Govender will oversee the...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Industry News
President Trump Cancels 21st Century ROAD To Housing Act

Trump cancels signing the bipartisan housing bill, leaving affordability package in limbo

Industry News
Jun 24, 2026
Commercial, Multifamily Mortgage Debt Tops $5 Trillion In Q1

MBA says outstanding debt grew by $26.3 billion in the first quarter, led by multifamily lending and increased holdings from banks, agencies, and life insurers

Industry News
Jun 18, 2026
Fed Holds Rates Steady, But Outlook Dims For Mortgage Rate Relief

The Federal Reserve left rates unchanged but updated projections show more policymakers expecting additional hikes

Industry News
Jun 18, 2026
Congress Nears Final Vote On 21st Century ROAD to Housing Act

Senate voted 87-8 to advance House-amended package, with final votes expected in coming days

Industry News
Jun 17, 2026
Florida Pending Sales Signal Strong Summer Housing Market

Closed sales rise for a ninth straight month as inventory gives buyers more negotiating power

Industry News
Jun 16, 2026
Trump Taps Former CFPB Deputy Brian Johnson To Lead Bureau

MBA backs the nomination as lenders await clarity on the future direction of consumer finance regulation under the Trump administration

Industry News
Jun 12, 2026