Mortgage Rates Reverse Course Lower

30 March 2016

Mortgage Rates Reverse Course Lower

24 March 2016

Freddie Mac

Freddie Mac today released the results of its Primary Mortgage Market Survey®, showing mortgage rates moving lower for the first time in four weeks.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 3.71 percent with an average 0.5 point for the week ending March 24, 2016, down from last week when it averaged 3.73 percent. A year ago at this time, the 30-year FRM averaged 3.69 percent.
  • 15-year FRM this week averaged 2.96 percent with an average 0.4 point, down from last week when it averaged 2.99 percent. A year ago at this time, the 15-year FRM averaged 2.97 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.89 percent this week with an average 0.5 point, down from last week when it averaged 2.93 percent. A year ago, the 5-year ARM averaged 2.92 percent.