The April 14 release of results of Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) shows mortgage rates again moving lower, in response to high demand for Treasuries. The 30-year mortgage rate fell 1 basis point to 3.58 percent. This rate represents yet another low for 2016 and the lowest mark since May 2013.
Mortgage rates this week registered the delayed impact of last week’s sharp drop in Treasury yields as the 30-year mortgage rate fell 12 basis points to 3.59 percent. This rate marks a new low for 2016 and matches last year’s low in February 2015. Low mortgage rates and a positive employment outlook should support a strong housing market in the second quarter of 2016.
Freddie Mac’s March 31 release of the results of its Primary Mortgage Market Survey® (PMMS®) shows mortgage rates mixed and largely unchanged from the previous week.
Freddie Mac’s March 24 release of the results of its Primary Mortgage Market Survey® (PMMS®) shows mortgage rates moving lower for the first time in four weeks.
Freddie Mac’s March 17 release of the results of its Primary Mortgage Market Survey® (PMMS®) shows mortgage rates moving higher for the third week in a row.
Freddie Mac’s March 10 release of the results of its Primary Mortgage Market Survey® (PMMS®) shows mortgage rates moving higher for the second week in a row. The increase, only the second this year, means mortgage rates remain very attractive for the upcoming spring home buying season.
The March 3 release of the results of Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) shows mortgage rates ticking higher for the first time in two months.
Freddie Mac’s February 25 release of the results of its Primary Mortgage Market Survey® (PMMS®) shows fixed mortgage rates resuming their decline and aiding homebuyer affordability amid a tight supply of for-sale homes in many markets.
Freddie Mac’s February 18 release of the results of its Primary Mortgage Market Survey® (PMMS®) shows fixed mortgage rates unchanged from the previous week and remaining near their 2015 lows.
Freddie Mac’s February 11 release of the results of its Primary Mortgage Market Survey® (PMMS®) shows mortgage rates moving lower for the sixth consecutive week amid ongoing market volatility. The average 30-year fixed is hovering just above its 2015 low of 3.59 percent.