---
title: After Jump, Mortgage Interest Rates Drop
description: After increasing two consecutive weeks, average U.S. mortgage loan interest rates declined for the week ending March 23, 2017.
---

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# [After Jump, Mortgage Interest Rates Drop](https://info.buyersbrokersonly.com/blog/after-jump-mortgage-interest-rates-drop)

 Written by [Rich Rosa](https://info.buyersbrokersonly.com/blog/author/rich-rosa) | Mar 23, 2017 5:38:40 PM

After a jump [last week](https://info.buyersbrokersonly.com/blog/mortgage-interest-rates-half-point-higher-than-last-year), average U.S. mortgage interest rates declined for the week ending March 23, 2017, according to [Freddie Mac's](https://info.buyersbrokersonly.com/blog/is-freddie-macs-home-possible-advantage-mortgage-for-you) weekly Primary Mortgage Market Survey.

The average interest rate for a [30-year, fixed rated mortgage loan](https://info.buyersbrokersonly.com/loan), with an average 0.5 point, declined to 4.23 percent from 4.30 percent the previous week. The 30-year note averaged 3.71 percent during the same week last year.  

"The 10-year Treasury yield fell about 10 basis points this week," Sean Becketti, chief economist for Freddie Mac, said. "The [30-year mortgage](https://info.buyersbrokersonly.com/12-massachusetts-mortgage-mistakes) rate moved with Treasury yields and dropped 7 basis points to 4.23 percent. This marks the greatest week-over-week decline for the 30-year mortgage rate in over two months, a stark contrast from last week's jump following the [Federal Open Market Committee] announcement."

The average rate for the 15-year, fixed rate mortgage, with an average 0.5 point, decreased 6 basis points to 3.44 percent. One year ago, the 15-year home loan averaged 2.96 percent. 

The 5-year, adjustable-rate mortgage averaged 3.24 percent for the week ending March 23, 2017.

[View full post](https://info.buyersbrokersonly.com/blog/after-jump-mortgage-interest-rates-drop)

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