Freddie Mac’s most recent Primary Mortgage Market Survey shows average fixed mortgage rates moving lower for the third consecutive week.
“After trending down for most of the week, the 10-year Treasury yield rose following the release of the CPI report,” says Sean Becketti, Freddie Mac’s chief economist. “In contrast, the 30-year mortgage rate fell three basis points to 4.09 percent, the third straight week of declines.”
Here’s a snapshot of Freddie Mac’s survey findings for the week ending Jan. 19:
- The 30-year fixed-rate mortgage averaged 4.09 percent, with an average 0.5 point, down from the previous week when it averaged 4.12 percent. A year ago at this time, the 30-year fixed-rate mortgage averaged 3.81 percent.
- The 15-year fixed-rate mortgage averaged 3.34 percent, with an average 0.5 point, down from the previous week when it averaged 3.37 percent. A year ago at this time, the 15-year fixed-rate mortgage averaged 3.10 percent.
- The five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.21 percent, with an average 0.4 point, down from the previous week when it averaged 3.23 percent. A year ago, the five-year adjustable-rate mortgage averaged 2.91 percent.
