Mortgage Rates at Standstill

David Deem
714-997-3486


Mortgage rates are at a standstill, making no movement in the past week, according to Freddie Mac's latest Primary Mortgage Market Survey® (PMMS®). The average 30-year, fixed rate is 4.35 percent; the average 15-year, fixed rate is 3.77 percent; and the average five-year, Treasury-indexed hybrid adjustable rate is 3.84 percent.
 
"Mortgage rates remained mostly unchanged this week, while mortgage applications rose 5.3 percent from the previous week," says Sam Khater, chief economist at Freddie Mac. "The general decline in rates we have seen recently, combined with rebounding pending home sales, hint at a strong spring home-buying season."
 
30-Year Fixed
  • Averaging 4.35 percent, with an average 0.5 point
  • No change from the prior week, and down from 4.43 percent the prior year 
15-Year Fixed
  • Averaging 3.77 percent, with an average 0.5 point
  • Down from 3.78 percent the prior week and 3.9 percent the prior year 
5-Year Adjustable
  • Averaging 3.84 percent, with an average 0.3 point
  • No change from the prior week, but up from 3.62 percent the prior year 
Source: Freddie Mac

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