Freddie Mac’s results of its Primary Mortgage Market Survey® shows that “Rates moved up slightly this week while mortgage applications decreased following last week’s jump in rates – indicating borrower sensitivity to changing mortgage rates. Despite the recent rise, we expect mortgage rates to remain low, in line with the low 10-year treasury yields, boosting homebuyer demand in the next few months.”
- 30-year fixed-rate mortgage (FRM) averaged 4.12 percent with an average 0.5 points for the week ending April 11, 2019, up from last week when it averaged 4.08 percent. A year ago, at this time, the 30-year FRM averaged 4.42 percent.
- 15-year FRM this week averaged 3.6 percent with an average 0.4 points, up from last week when it also averaged 3.56 percent. A year ago, at this time, the 15-year FRM averaged 3.87 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.8 percent this week with an average 0.4 points, up from last week when it averaged 3.66 percent. A year ago, at this time, the 5-year ARM averaged 3.61 percent.