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Mortgage Interest Rates Decline Third Consecutive Week

Jan 22, 2017 11:59:36 AM

Average U.S. mortgage interest rates declined for the third straight week for the week ending January 19, 2017, according to Freddie Mac's Primary Mortgage Market Survey. 

U.S. Mortgage Interest Rates at 4.09 Percent for week ending January 19, 2017The 30-year, fixed rate mortgage loan averaged 4.09 percent with an average 0.5 point, down from 4.12 percent the previous week and 3.81 percent during the same week last year.  

"After trending down for most of the week, the 10-year Treasury yield rose following the release of the CPI report," Freddie Mac chief economist Sean Becketti said. "In contrast, the 30-year mortgage rate fell three basis points to 4.09 percent, the third straight week of declines."

The 15-year, fixed rate mortgage loan averaged 3.34 percent with an average 0.5 point. The 15-year note averaged 3.37 percent the previous week and 3.10 percent during the same period in 2016. 

The 5-year, adjustable-rate (ARM) mortgage home loan averaged 3.21 percent with an average 0.4 point for the week ending January 19, 2017. The 5-year ARM declined two basis points from the week before. It was 2.91 percent during the same week last year.

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Topics: Mortgage Rates & News

   

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