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Freddie Mac: Mortgage Rates Remain Steady

Phil Hall
Nov 22, 2017
Mortgage rates recorded mixed results in the latest Primary Mortgage Market Survey (PMMS) released by Freddie Mac

Mortgage rates recorded mixed results in the latest Primary Mortgage Market Survey (PMMS) released by Freddie Mac.
 
The 30-year fixed-rate mortgage (FRM) averaged 3.92 percent for the week ending Nov. 22, down from last week when it averaged 3.95 percent. A year ago at this time, the 30-year FRM averaged 4.03 percent. 
 
However, the 15-year FRM this week averaged 3.32 percent, up from last week when it averaged 3.31 percent. A year ago at this time, the 15-year FRM averaged 3.25 percent.
 
The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.22 percent this week, up from last week when it averaged 3.21 percent. A year ago at this time, the five-year ARM averaged 3.12 percent.
 
“Rates dipped slightly in a short week leading up to the Thanksgiving holiday,” said Sean Becketti, Chief Economist at Freddie Mac. “The 10-year Treasury yield fell roughly four basis points, while the 30-year mortgage rate dropped three basis points to 3.92 percent. Mortgage rates continue to remain low.”
Mortgage rates recorded mixed results in the latest Primary Mortgage Market Survey (PMMS) released by Freddie Mac

 
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