Mortgage Rates Drop for First Time in 2018

15 March 2018

Mortgage Rates Drop for First Time in 2018

Freddie Mac

15 March 2018

Freddie Mac today released the results of its Primary Mortgage Market Survey®, showing the 30-year fixed mortgage rate dropping after nine consecutive weeks of increases.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.44 percent with an average 0.5 point for the week ending March 15, 2018, down from last week when it averaged 4.46 percent. A year ago at this time, the 30-year FRM averaged 4.30 percent.
  • 15-year FRM this week averaged 3.90 percent with an average 0.5 point, down from last week when it averaged 3.94 percent. A year ago at this time, the 15-year FRM averaged 3.50 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.67 percent this week with an average 0.4 point, up from last week when it averaged 3.63. A year ago at this time, the 5-year ARM averaged 3.28 percent.