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U.S. Mortgage Interest Rates Decline Again

Apr 4, 2017 3:28:41 PM

Average U.S. mortgage interest rates declined for the second consecutive week, according to Freddie Mac's Primary Mortgage Market Survey.  

Mortgage Loan Interest Rates for the Week Ending March 30, 2017The 30-year, fixed rate mortgage loan averaged 4.14 percent, with an average 0.5 point, for the week ending March 30, 2017, down from 4.23 percent the previous week. Rates for the 30-year note averaged 3.71 percent during the same week last year. 

"The 10-year Treasury yield remained relatively flat this week," Freddie Mac chief economist Sean Becketti said. "The 30-year mortgage rate fell 9 basis points to 4.14 percent, another significant week-over-week decline. Despite recent mortgage rate fluctuation, [U.S.] new home sales far exceeded expectations in February and jumped 6.1 percent to an annualized rate of 592,000."

The 15-year, fixed rate mortgage, with an average 0.4 point, averaged 3.39 percent. The five-year, adjustable rate mortgage averaged 3.18 percent, with an average 0.4 point.

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Topics: Mortgage Rates & News

   

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