Average Fixed Rate Mortgage

Fixed-rate average mortgage

Mortgages are going up for the 2. even weeks The average mortgage rate rose for the second straight week during the late 18th of January with the average rate for the 30-year fixed-rate mortgage climbing to its highest since May, according to the Primary Mortgage Market Survey published by Freddie Mac. Interest on the 30-year fixed-rate mortgage was 4.04% on average, averaging 0.6 points.

On average, it is an improvement on the average of 3.99% in the preceding quarter, but is below the average of 4.09% in the same weekly in 2017. This 15-year fixed-rate mortgage had an average interest rate of 3.49%, with an average interest rate of 0.5 points, which was higher than the average interest rate of 3.44% in the year before.

In comparison with the same quarter last year, which had an average rate of 3.34%, the average is also higher. This 5-year Treasury-indexed variable -rate hybride mortgage was 3.46% on average, with an average of 0.3 points, stable from the previous year. One year ago at that point in the year, the 5-year ARM was 3.21% on average. "For the first year since last summers, the US average for the 30-year fixed-rate mortgage rate climbed over 4% to 4.04% in this week's survey," said Freddie Mac, deputy chief economist Len Kiefer.

"This is the highest average for the 30-year fixed-rate mortgage since May 2017. "He said that some may wonder if this is the last occasion we will see a triple grip on the 30-year mortgage rate. That means upwards pressures on long-term interest rate, like the 30-year fixed-rate mortgage developing."

30-year average mortgage interest rate over 4 per cent

Freddie Mac's Primary Mortgage Market Survey (PMMS®) found that the average 30-year fixed mortgage rate, which was raised to 4.04 per cent this past weekend, rose from 3.99 per cent in the previous one. 15-year fixed rate interest was an average of 3.49 per cent, up from 3.44 per cent the previous week, while five-year Treasury-indexed variable rate interest was an average of 3.46 per cent, the same as the year before.

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