Mortgage rates stayed within the 4 percent range this week, with the 30-year, fixed rate averaging 4.05 percent, according to Freddie Mac's recently released Primary Mortgage Market Survey® (PMMS®.) Rates rose above 4 percent following the presidential election in November, and have fluctuated since.
The 15-year, fixed rate, at the same time, averaged 3.29 percent, up from 3.27 percent the week prior, while the 5-year, Treasury-indexed hybrid adjustable rate averaged 3.14 percent, up from 3.13 percent the week prior, according to the survey.
"The 10-year Treasury yield jumped eight basis points this week while the 30-year mortgage rate rose three basis points to 4.05 percent," says Sean Becketti, chief economist at Freddie Mac. "Mixed economic reports over the last few weeks have anchored the 30-year mortgage rate around the 4 percent mark."
Source: Freddie Mac
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