Freddie Mac reported today that fixed mortgage rates remain unchanged from the previous week, and are stabilizing near their 2015 mortgage_rateslows.

The 30-year fixed-rate mortgage (FRM) averaged 3.65%, unchanged from last week.

The 15-year mortgage averaged 2.95%, which was also the same as the previous week.

5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.85% this week, up from last week when it averaged 2.83%.

Freddie Mac’s chief economist, Sean Becketti had issued this statement along with the repport:

“After another week of financial market oscillations driven by rumors of potential limits on oil production, the 10-year Treasury yield edged up 5 basis points, and the 30-year mortgage rate remained unchanged at 3.65 percent. Despite this week’s uptick in Treasury yields, the 10-year is still 54 basis points lower than it stood at the end of 2015, while the mortgage rate has dropped only 36 basis points over the same period.”

Erik Sandstrom
LoanSafe's Mortgage Expert
I'm a Senior Loan Officer and LoanSafe mortgage expert. If you need a live rate quote, or need help getting a new mortgage, please call me direct anytime at 619-379-8999.