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U.S. Mortgage Interest Rates Remain Below 4%

Jun 23, 2017 10:18:39 AM

Average U.S. mortgage interest rates remained below 4 percent and around year-to-date lows for the week ending June 22, 2017, according to Freddie Mac's Primary Mortgage Market Survey. 

U.S. Average Mortgage Loan Interest Rates for the Week Ending June 22, 2017. The 30-year, fixed rate mortgage loan averaged 3.90 percent, with an average 0.5 point, down 1 basis point from the previous week's 3.89 percent. Last year during the same week, the 30-year note averaged 3.56 percent. 

"Following last week's sharp decline, the 10-year Treasury yield rose 3 basis points this week," Sean Becketti, chief economist for Freddie Mac, said. "The 30-year mortgage rate remained relatively flat, falling 1 basis point to 3.90 percent. Mortgage rates are continuing to hold at year-to-date lows amidst ongoing economic uncertainty."

The average rate for the 15-year, fixed rate mortgage was 3.17 percent, with an average 0.5 point. The 15-year note averaged 3.18 percent the previous week and 2.83 percent the previous year.   

The five-year, adjustable rate mortgage averaged 3.14 percent, with an average 0.5 point, down from 3.15 percent the previous week and 2.74 percent the previous year.

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Topics: Mortgage Rates & News


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