Skip to main content

Mortgage Rates Hold Steady

Phil Hall
Feb 28, 2019
After three straight weeks of declines, mortgage rates saw minimal movement in Freddie Mac’s latest Primary Mortgage Market Survey (PMMS)

After three straight weeks of declines, mortgage rates saw minimal movement in Freddie Mac’s latest Primary Mortgage Market Survey (PMMS).
 
The 30-year fixed-rate mortgage (FRM) averaged 4.35 percent for the week ending Feb. 28, unchanged from last week. A year ago at this time, the 30-year FRM averaged 4.43 percent.
 
The 15-year FRM this week averaged 3.77 percent, down from last week when it averaged 3.78 percent. A year ago at this time, the 15-year FRM averaged 3.90 percent. And the five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.84 percent, unchanged from last week. A year ago at this time, the five-year ARM averaged 3.62 percent.
 
“Mortgage rates remained mostly unchanged this week, while mortgage applications rose 5.3 percent from the previous week,” said Sam Khater, Freddie Mac’s Chief Economist. “The general decline in rates we have seen recently, combined with rebounding pending home sales, hint at a strong spring homebuying season.”
After three straight weeks of declines, mortgage rates saw minimal movement in Freddie Mac’s latest Primary Mortgage Market Survey (PMMS)

 
Published
Feb 28, 2019
KBRA Assigns Preliminary Ratings To SEMT 2021-6

Pool Of 497 First-Lien Loans Combined Have A Principal Balance Of Nearly $449M

Industry News
Sep 16, 2021
Fugo Appoints Bahlman As VP, Client Relations & Sales

Brings 19 Years of Experience To Texas-Based Back-Office Support Company

Industry News
Sep 16, 2021
Envoy Mortgage Expands To Atlanta

Envoy Mortgage lender expanded its Southeast operations to Atlanta, GA.

Industry News
Sep 15, 2021
FHFA Suspends Controversial PSPA Amendments

Today, the FHFA will be suspending controversial provisions added to the Preferred Stock Purchase Agreement (PSPA) on January 14, 2021.

Industry News
Sep 15, 2021
Covius Holdings To Acquire Nationwide Title Clearing

All 670 NTC Employees, Including Senior Management, Will Join Covius

Industry News
Sep 14, 2021
MBA Appoints AVP Of Diversity, Equity, & Inclusion

Promotes Amber Lawrence From Position As Associate Director Of Career Development Programs

Industry News
Sep 14, 2021