Mortgage Rates Fall for Third Straight Week

22 January 2016

Mortgage Rates Fall for Third Straight Week

Freddie Mac

21 January 2015

Freddie Mac today released the results of its Primary Mortgage Market Survey®, showing mortgage rates moving lower for the third consecutive week amid another week of market turbulence.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 3.81 percent with an average 0.6 point for the week ending January 21, 2016, down from last week when it averaged 3.92 percent. A year ago at this time, the 30-year FRM averaged 3.63 percent.
  • 15-year FRM this week averaged 3.10 percent with an average 0.5 point, down from 3.19 percent last week. A year ago at this time, the 15-year FRM averaged 2.93 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.91 percent this week with an average 0.5 point, down from last week when it averaged 3.01 percent. A year ago, the 5-year ARM averaged 2.83 percent.