Freddie Mac: Average 30-Year Rate Fell Four Basis Points

Posted by Patrick Barnard on July 28, 2017 No Comments
Categories : Residential Mortgage

Mortgage rates dipped slightly this past week, with the average rate for a 30-year fixed-rate mortgage (FRM) falling to 3.92%, down from 3.96%, according to Freddie Mac’s Primary Mortgage Market Survey.

The 10-year Treasury yield rose five basis points, according to the report, which covers the week ended July 27.

A year ago at this time, the 30-year FRM averaged 3.48%.

The average rate for a 15-year FRM was 3.20%, down from 3.23% the previous week. A year ago at this time, the 15-year FRM averaged 2.78%.

The average rate for a five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) was 3.18%, down from 3.21% the previous week. A year ago at this time, the five-year ARM averaged 2.78%.

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