Mortgage Rates Take a Slight Tumble – NMP
Industry News

Mortgage Rates Take a Slight Tumble

Oct 19, 2017
The U.S. Department of Housing & Urban Development (HUD) has announced joint policy actions designed to reduce its risk profile from cash-out refinance lending

Mortgage rates were mostly down this week, according to the latest Freddie Mac Primary Mortgage Market Survey (PMMS).
 
The 30-year fixed-rate mortgage (FRM) averaged 3.88 percent for the week ending Oct. 19, down from last week when it averaged 3.91 percent. The 15-year FRM this week averaged 3.19 percent, down from last week when it averaged 3.21 percent. However, the five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.17 percent this week, up from last week when it averaged 3.16 percent.
 
Separately, Bankrate.com issued its own mortgage rate data relating to refinancing. According to the company, the average 30-year fixed-refinance rate is 3.80 percent, unchanged since the same time last week, while the average for a 15-year fixed-refinance rate is 3.11 percent, up four basis points over the last week. The average rate for a 10-year fixed-refinance loan is 3.01 percent, unchanged from a week ago.
Mortgage rates were mostly down this week, according to the latest Freddie Mac Primary Mortgage Market Survey (PMMS).
 
About the author
Phil Hall
Link copied
Published
Oct 19, 2017
Get the NMP Daily
Regulation and Compliance
Trump Targets Mortgage Insurance, Refi Costs In Sweeping Housing Order

The executive order calls for automatic mortgage insurance cancellation, expanded title insurance alternatives, and cheaper refinances, potentially changing how lenders and servicers handle borrower costs

President Donald Trump signed a sweeping executive order Thursday aimed at lowering the cost of homeownership, targeting everything from mortgage insurance premiums and refinancing fees to appraisal requirements and loan-level price adjustments.For mortgage lenders and origi...

Continue reading
People On The Move
Jet Mortgage Adds Three, Reunites Former Carrington Colleagues

Amy Marsh, Jason Fregoso, and Rhonda Ramsey join the lender as it expands its sales team and builds out non-delegated correspondent operations

Jet Mortgage has added three mortgage industry professionals to its team as the lender continues expanding its wholesale and correspondent business.Amy K. Marsh joins as correspondent director of operations, Jason Fregoso as an account executive, and Rhonda Ramsey as a natio...

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
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Industry News
Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Industry News
Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Industry News
Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Industry News
Oct 09, 2026
Newrez, eXp Realty Form Joint Venture To Target Purchase Business

Revenos Mortgage is set to launch in early 2027, replacing eXp's joint venture with Kind Lending

Industry News
Oct 08, 2026