---
title: Turbulent Financial Markets Result in Drop in Interest Rates
description: Topsy turvy financial markets led to a decrease and then a stabilization of average U.S. mortgage interest rates for the week ending April 5, 2018, according to Freddie Mac's weekly Primary Mortgage Market Survey.
---

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# [Turbulent Financial Markets Result in Drop in Interest Rates](https://info.buyersbrokersonly.com/blog/turbulent-financial-markets-result-in-drop-in-interest-rates)

 Written by [Rich Rosa](https://info.buyersbrokersonly.com/blog/author/rich-rosa) | Apr 9, 2018 10:31:30 AM

Topsy turvy financial markets led to a decrease and then stabilization of average U.S. mortgage interest rates for the week ending April 5, 2018, according to Freddie Mac's weekly Primary Mortgage Market Survey. 

The 30-year, fixed-rate [mortgage loan](https://www.buyersbrokersonly.com/buying/massachusetts-mortgage-resource-center) averaged 4.40 percent, with an average 0.5 point, down from 4.44 percent the previous week. A year ago the 30-year note average 4.10 percent. 

“After dropping earlier this week on trade-related anxiety in financial markets, the benchmark 10-year Treasury stabilized on Wednesday, but at a level slightly lower than from the start of [the previous] week," Len Kiefer, Deputy Chief Economist, said. "Mortgage rates followed and fell for the second consecutive week. Though rates on the 30-year fixed mortgage are up 0.3 percentage points from the same week a year ago, a robust labor marking is helping home purchase demand weather modestly higher rates. The Mortgage Bankers Association reported in [its] latest Weekly [Mortgage Applications Survey that the purchase index](https://www.buyersbrokersonly.com/buying/first-time-home-buyer-programs) was up 5 percent from a year ago, indicating that this spring is on track for a modest expansion in purchase mortgage activity.” 

The 15-year, fixed-rate [mortgage loan](https://info.buyersbrokersonly.com/home-buying-terms-for-the-home-buyer) averaged 3.87 percent, with an average 0.4 point. The 15-year home loan averaged 3.90 percent the previous week and 3.36 percent the previous year. The five-year, adjustable-rate mortgage averaged 3.62 percent, with an average 0.4 point, down four basis points from the previous week. 

[View full post](https://info.buyersbrokersonly.com/blog/turbulent-financial-markets-result-in-drop-in-interest-rates)

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