Mortgage Rates Inch Up After Extended Decline

15 June 2017

Mortgage Rates Inch Up After Extended Decline

Freddie Mac

15 June 2017

Freddie Mac today released the results of its Primary Mortgage Market Survey®, showing average mortgage rates increasing across the board for the first time in over a month.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 3.91 percent with an average 0.5 point for the week ending June 15, 2017, up from last week when it averaged 3.89 percent. A year ago at this time, the 30-year FRM averaged 3.54 percent.
  • 15-year FRM this week averaged 3.18 percent with an average 0.5 point, up from last week when it averaged 3.16 percent. A year ago at this time, the 15-year FRM averaged 2.81 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.15 percent this week with an average 0.5 point, up from last week when it averaged 3.11 percent. A year ago at this time, the 5-year ARM averaged 2.74 percent.