Continued Uncertainty Causes Mortgage Rates to Hold

24 February 2017

Continued Uncertainty Causes Mortgage Rates to Hold

Freddie Mac

24 February 2017

Freddie Mac today released the results of its Primary Mortgage Market Survey®, showing average 30-year mortgage rates changing by two basis points or less for the fourth consecutive week.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.16 percent with an average 0.5 point for the week ending Feb. 23, 2017, up from last week when it averaged 4.15 percent. A year ago at this time, the 30-year FRM averaged 3.62 percent.
  • 15-year FRM this week averaged 3.37 percent with an average 0.5 point, up from last week when it averaged 3.35 percent. A year ago at this time, the 15-year FRM averaged 2.93 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.16 percent this week with an average 0.4 point, down from last week when it averaged 3.18 percent. A year ago, the 5-year ARM averaged 2.79 percent.