Skip to main content

Mortgage Rates Are On The Way Up Again

Jan 14, 2021
Mid-size homes in a neighborhood.
Director of Events

Following a number of record-breaking weeks, the Freddie Mac Primary Mortgage Market Survey reported an increase in the 30-year fixed-rate mortgage, which averaged 2.79%. A year ago the 30-year fixed-rate mortgage averaged 3.65%.

“As Treasury yields have risen, it is putting pressure on mortgage rates to move up,” said Sam Khater, Freddie Mac’s chief economist. “While mortgage rates are expected to increase modestly in 2021, they will remain inarguably low, supporting homebuyer demand and leading to continued refinance activity. Borrowers are smart to take advantage of these low rates now and will certainly benefit as a result.”

According to the PMMS, the 15-year fixed-rate mortgage averaged 2.23%, up from last week's average of 2.16%. Additionally, the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.12%, up from last week's average of 2.75%.

Click here to view the full report.

Freddie Mac Primary Mortgage Market Survey 01/14/2021

About the author
Director of Events
Navi Persaud is Director of Events at NMP.
Published
Jan 14, 2021
HUD Freezes Foreclosures On FHA Mortgages In Texas Flood Zone

Kerr County homeowners among hardest hit in disaster that’s claimed more than 100 lives

Jul 09, 2025
Fewer Canadians Hunt For U.S. Property

Largest component of international buyers in U.S. takes more than 25% hit

Jul 08, 2025
Fannie, Freddie Now Allow Lenders To Use VantageScore 4.0

Lenders will keep tri-merge credit scoring model; what this shift means

Fairway Independent Mortgage Corporation Announces Rebranding

Now Fairway Home Mortgage, company also donates $1M to support relief efforts in deadly Texas flooding

Jul 07, 2025
FHFA Chief Officially Calls For Investigation Of Federal Reserve Chairman Powell

Alleges Powell lied in testimony to Congress regarding Fed building renovations, says Fed Chair should be fired

BBB Will Impact Homeowners, Buyers

U.S. House and Senate must agree on certain tax, mortgage insurance premium deductions