Skip to main content

Fixed-Rate Mortgages at 12-Month Low

Feb 14, 2019
Fixed-rate mortgages fell to the lowest levels since early 2018, according to new data from Freddie Mac

Fixed-rate mortgages fell to the lowest levels since early 2018, according to new data from Freddie Mac.
 
The 30-year fixed-rate mortgage (FRM) averaged 4.37 percent, for the week ending Feb. 14, down from last week when it averaged 4.41 percent. The 15-year FRM this week averaged 3.81 percent, down from last week when it averaged 3.84 percent. And the five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.88 percent, down from last week when it averaged 3.91 percent.
 
“The combination of cooling inflation and slower global economic growth led mortgage rates to drift down to the lowest levels in a year,” said Sam Khater, Freddie Mac’s Chief Economist. “While housing activity has clearly softened over the last nine months and the lingering effects of higher rates from last year are still being felt, lower mortgage rates and a strong job market should rekindle demand for the spring homebuying season.”
Fixed-rate mortgages fell to the lowest levels since early 2018, according to new data from Freddie Mac

 
About the author
Published
Feb 14, 2019
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024