Skip to main content

Fixed-Rate Mortgages at 12-Month Low

Phil Hall
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

 
Published
Feb 14, 2019
Federal Regulators Race To Address Cryptocurrency Risks

Cryptocurrency is quickly morphing into a volatile but widely embraced innovation, and federal regulators are racing to address the potential risks to consumers and the market. 

Industry News
Sep 24, 2021
MBA Initiative Seeks To Close Racial Homeownership Gap

Says its advocacy, partnerships & connections will help increase opportunities for minority borrowers

Industry News
Sep 24, 2021
Guaranteed Rate Opens New Branch In Southwestern Michigan

Guaranteed Rate expanded its presence in Southwester Michigan, after opening a new branch in St. Joseph

Industry News
Sep 22, 2021
Chinese Property Giant Evergrande Falters, Threatening U.S. Investors

On Monday, investors across three continents dumped their stocks, mainly out of fear that the world’s two largest governments — the United States and China — would undercut the beginnings of a global economic recovery. 

Industry News
Sep 22, 2021
Compass Mortgage Expands In Four Additional States

Compass Mortgage is now licensed in Virginia, Washington, North Carolina and South Carolina.

Industry News
Sep 22, 2021
Enact Holdings Completes IPO

Genworth Financial Inc. announced the completion of the initial public offering for its subsidiary Enact Holdings Inc.

Industry News
Sep 21, 2021