Freddie Mac’s (OTCQB: FMCC) Primary Mortgage Market Survey® on Thursday showed that the 30-year fixed-rate mortgage remained unchanged from last week at 3.82%.
Sam Khater, Freddie Mac’s chief economist, said, “Mortgage rates were mostly unchanged from last week due to easing of trade tensions with Mexico which helped stabilize markets. These historically low rates should provide continued opportunities for current homeowners to refinance their mortgages – which combined with new home buyer activity – will help sustain the momentum in the housing market in 2019.”
News Facts
- 30-year fixed-rate mortgage (FRM) averaged 3.82% with an average 0.6 point for the week ending June 13, 2019, unchanged from last week. A year ago at this time, the 30-year FRM averaged 4.62%.
- 15-year FRM averaged 3.26% with an average 0.5 point, down from last week when it averaged 3.28%. A year ago at this time, the 15-year FRM averaged 4.07%.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.51% with an average 0.4 point, down from last week when it averaged 3.52%. A year ago at this time, the 5-year ARM averaged 3.83%.
