Mortgage rates inched upward this week, with fixed-rate mortgages returning to averages at the start of the year, which follows several weeks of dips, Freddie Mac reports in its weekly mortgage market survey.
Still, the 30-year fixed-rate mortgage continues to average below 4 percent, a threshold it has remained below since the week ending Nov. 13, 2014, Freddie Mac reports.
Freddie Mac reports the following national averages with mortgage rates for the week ending March 12:
30-year fixed-rate mortgages: averaged 3.86 percent, with an average 0.6 point, rising from last week’s 3.75 percent average. Last year at this time, 30-year fixed-rate mortgages averaged 4.37 percent.
15-year fixed-rate mortgages: averaged 3.10 percent, with an average 0.6 point, rising from last week’s 3.03 percent average. A year ago, 15-year rates averaged 3.38 percent.
5-year hybrid adjustable-rate mortgages: averaged 3.01 percent, with an average 0.5 point, rising from last week’s 2.96 percent average. Last year at this time, 5-year ARMs averaged 3.09 percent.
1-year ARMs: averaged 2.46 percent, with an average 0.4 point, rising from last week’s 2.44 percent average. A year ago, 1-year ARMs averaged 2.48 percent.
Contact me for all your Real Estate needs!!
832-600-0302
No comments:
Post a Comment