by Bill McBride on 4/10/2014 12:26:00 PM
Thursday, April 10, 2014
From Freddie Mac today: Fixed Mortgage Rates Tick Down
Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates moving down slightly as we head into the spring homebuying season. ...Click on graph for larger image.
30-year fixed-rate mortgage (FRM) averaged 4.34 percent with an average 0.7 point for the week ending April 10, 2014, down from last week when it averaged 4.41 percent. A year ago at this time, the 30-year FRM averaged 3.43 percent.
15-year FRM this week averaged 3.38 percent with an average 0.6 point, down from last week when it averaged 3.47 percent. A year ago at this time, the 15-year FRM averaged 2.65 percent.
This graph shows the 30 and 15 year fixed rate mortgage interest rate from the Freddie Mac Primary Mortgage Market Survey®.
After increasing last June, mortgage rates have mostly moved sideways for the last 9 or 10 months.
Posted by Bill McBride on 4/10/2014 12:26:00 PM