U.S. Mortgage Interest Rates Remain Below 4%

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. 

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.