by Calculated Risk on 4/10/2014 12:26:00 PM
Thursday, April 10, 2014
Freddie Mac: "Fixed Mortgage Rates Tick Down"
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. ...
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.
![Mortgage rates and Refinance index](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-4Gjtw2X9MyHxiOl6C8KKvv2iV9jGY48EFXXyNpeyT-0Ye1Jc5-uZfi7wMRebLWNlzvhwCgkpxb_EJm49Q_pe4eics399ZAxqQX4gQjVuICh-jvqvjCDXPRMVZNHjo2cjn6d8/s320/FreddieApr2014.jpg)
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.