According to Freddie Mac's latest Primary Mortgage Market Survey (PMMS), the average U.S. mortgage rate rose for the first time in five weeks in late April 2017.
Sean Becketti, chief economist at Freddie Mac said, "The 10-year Treasury yield rose about 10 basis points this week. The 30-year mortgage rate moved with Treasury yields, rising 6 basis points to 4.03 percent. Despite recent swings in mortgage rates, the housing market continues to show signs of strength -- both existing and new home sales in March exceeded expectations, and the Case-Shiller Home Price Index posted another solid gain."
Freddie Mac News Facts:
30-year fixed-rate mortgage (FRM) averaged 4.03 percent with an average 0.5 point for the week ending April 27, 2017, up from last week when it averaged 3.97 percent. A year ago at this time, the 30-year FRM averaged 3.66 percent.
15-year FRM this week averaged 3.27 percent with an average 0.4 point, up from last week when it averaged 3.23 percent. A year ago at this time, the 15-year FRM averaged 2.89 percent.
5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.12 percent this week with an average 0.4 point, up from last week when it averaged 3.10 percent. A year ago, the 5-year ARM averaged 2.86 percent.
Despite steady job creation, record stock market gains and faster economic growth in recent months, new consumer findings surprisingly show that a smaller share of households believe that now is a good time to buy or sell a home.
According to Freddie Mac's latest Primary Mortgage Market Survey, the average 30-year fixed mortgage rate inched lower in the U.S> in late November 2017. The 30-year fixed mortgage rate fell two basis points to 3.9 percent in this week's survey.
According to Freddie Mac's latest Primary Mortgage Market Survey, the average U.S. mortgage rate hit their highest marks since July 2017. The 10-year Treasury yield surged this week, jumping 12 basis points.
According to the National Association of Home Builders/Wells Fargo Housing Market Index, U.S. builder confidence in the market for newly-built single-family homes rose four points to a level of 68 in October 2017. This was the highest reading since May 2017.