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U.S. Mortgage Interest Rates Decline for Third Straight Week

Apr 11, 2017 4:49:21 PM

Average U.S. mortgage interest rates declined for the third consecutive week, according to Freddie Mac's Primary Mortgage Market Survey for the week ending April 6, 2017. 

U.S. Mortgage Interest Rates Decline for the Third Straight WeekThe 30-year, fixed rate mortgage loan averaged 4.10 percent, with an average 0.5 point, down from 4.14 percent the previous week. The 30-year note averaged 3.59 percent during the same week last year.

"The 10-year Treasury yield was relatively unchanged this week, while the 30-year mortgage rate fell 4 basis points to 4.1 percent," Sean Becketti, Freddie Mac chief economist, said. "After three straight weeks of declines, the 30-year mortgage rate is now barely above the 2017 low. Next week's survey rate may be determined by Friday's employment report and whether or not it can sustain the strength from earlier this year."

The 15-year, fixed rate mortgage averaged 3.36 percent, with an average 0.5 point, compared to 3.39 percent the previous week and 2.88 percent the previous year. 

The five-year, adjustable-rate mortgage averaged 3.19 percent, with an average 0.4 percent, compared to 3.18 percent the previous week and 2.82 percent the same week last year.

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Topics: Mortgage Rates & News

   

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