Mortgage Rates Hold Steady

Nov 15, 2018

The national homeownership rate in the fourth quarter of 2018 was 64.8 percent, according to the latest U.S. Census Housing Vacancies and Homeownership report

Mortgage rates were mostly in a holding pattern in Freddie Mac’s latest Primary Mortgage Market Survey (PMMS).

The 30-year fixed-rate mortgage (FRM) averaged 4.94 percent for the week ending Nov. 15, unchanged from last week. The 15-year FRM this week averaged 4.36 percent, up from last week when it averaged 4.33 percent. And the five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.14 percent, unchanged from last week.

Sam Khater, Freddie Mac’s Chief Economist, observed that the “stability in mortgage rates reflects the moderation in inflationary pressures in the economy due to lower oil prices and subdued wage growth. On the margin, lower energy costs are a positive for the home sales market, particularly for lower-middle income suburban buyers who spend proportionately more income on transportation costs.”

Mortgage rates were mostly in a holding pattern in Freddie Mac’s latest Primary Mortgage Market Survey (PMMS)

About the author

Phil Hall

Link copied

Published

Nov 15, 2018

Industry News

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

Commercial and multifamily mortgage debt outstanding surpassed $5 trillion for the first time during the first quarter of 2026, according to new data from the Mortgage Bankers Association (MBA).MBA's latest Commercial/Multifamily Mortgage Debt Outstanding report found total ...

Tech

Blue Sage Expands SageVision, UW Studio, Voice AI Capabilities

Latest updates bring embedded AI automation to lending and servicing workflows

Blue Sage Solutions has expanded its artificial intelligence platform with new automation capabilities for document analysis, underwriting workflows, and mortgage servicing operations.The mortgage technology provider announced enhancements across three core components of its...

Oct

Denver, CO

More from

Industry News

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