Freddie Mac

21 May 2015

Freddie Mac today released the results of its Primary Mortgage Market Survey®, showing average fixed mortgage rates moving just slightly lower following three consecutive weeks of increases.

News Facts

• 30-year fixed-rate mortgage (FRM) averaged 3.84 percent with an average 0.7 point for the week ending May 21, 2015, down from last week when it averaged 3.85 percent. A year ago at this time, the 30-year FRM averaged 4.14 percent.
• 15-year FRM this week averaged 3.05 percent with an average 0.6 point, down from last week when it averaged 3.07 percent. A year ago at this time, the 15-year FRM averaged 3.25 percent.
• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.88 percent this week with an average 0.5 point, down from last week when it averaged 2.89 percent. A year ago, the 5-year ARM averaged 2.96 percent.
• 1-year Treasury-indexed ARM averaged 2.51 percent this week with an average 0.4 point, up from last week when it averaged 2.48 percent. At this time last year, the 1-year ARM averaged 2.43 percent.