Yes, Mortgage Rates Finally Perk Up – NMP
Industry News

Yes, Mortgage Rates Finally Perk Up

Sep 21, 2017
For the first time in seven weeks, Freddie Mac is reporting an increase in the average 30-year fixed mortgage rate

For the first time in seven weeks, Freddie Mac is reporting an increase in the average 30-year fixed mortgage rate.
 
The 30-year fixed-rate mortgage (FRM) averaged 3.83 percent for the week ending Sept. 21, up from last week when it averaged 3.78 percent. The 15-year FRM this week averaged 3.13 percent, up from last week when it averaged 3.08 percent. And the five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.17 percent this week, up from last week when it averaged 3.13 percent.
 
Separately, Freddie Mac issued its latest Outlook report, which forecast new home sales to the primary driver of sales in 2018, up two percent from 2017’s levels. Freddie Mac also predicted a gradual increase in housing starts and moderate increases in mortgage rates as a combined force that will reduce house price growth next year. As for refinancing, the Outlook forecast is pointing to the refinance share of the market dropping to 25 percent, its lowest annual share since 1990. 
For the first time in seven weeks, Freddie Mac is reporting an increase in the average 30-year fixed mortgage rate
 
About the author
Phil Hall
Link copied
Published
Sep 21, 2017
Get the NMP Daily
Opinion
Seller Impersonation Fraud Is Evolving. Is the Mortgage Industry Evolving Fast Enough?

AI and increasingly sophisticated wire fraud are raising the stakes at the closing table, forcing lenders to rethink how they verify identities, counterparties, and payment instructions

For years, the mortgage industry has spent a lot of money on spotting borrower fraud at the start of the loan process. But one of the growing fraud threats today may show up later — when the loan is approved, the closing is set, and hundreds of thousands of dollars are about...

Continue reading
Analysis and Data
Price Cuts Hit Four-Year High As Mortgage Rates Top 7%

More than one in five listings took a price cut in September, but pending sales still posted their sharpest annual decline since March 2025

Home sellers are finally giving buyers some ground. The problem is mortgage rates are taking it right back.More than one in five homes listed for sale — 20.8% — had a price reduction in September, the highest share in nearly four years, according to Realtor.com's latest Mont...

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
Garg Claims Majority In Better Fight, Board Poised To Honor Vote

Founder says he secured more than 51% of voting power to remove five directors, pending confirmation by a third-party inspector

C-Suite Strategies
Oct 01, 2026
Rocket Makes VantageScore Its Default After Testing Finds Borrower Savings

After four months of testing, Rocket will make VantageScore 4.0 its preferred model for eligible retail loans while keeping both scoring options available to brokers

Industry News
Sep 29, 2026
CHLA: More Freddie Mac MBS Buying Could Narrow Mortgage Spreads

Trade group estimates greater Freddie participation could compress spreads another 10 to 12 basis points as Fannie has taken the lead in GSE mortgage-bond buying

Industry News
Sep 23, 2026
Early Loan-Limit Race Splits Into Three Tiers

Lenders are now offering $845,000, $847,440, or $850,000 before FHFA sets the official 2027 limits

Industry News
Sep 23, 2026
Better, Garg Clash Over Claimed 46% Shareholder Support

Better disputes its former CEO’s preliminary consent count as the two sides trade accusations and an Oct. 2 target date approaches

C-Suite Strategies
Sep 23, 2026