According to Freddie Mac's latest Primary Mortgage Market Survey, the average U.S. mortgage rate remaining largely unchanged from last week's year-to-date low.
Sean Becketti, chief economist of Freddie Mac says, "Following a sharp decline last week, the 10-year Treasury yield rose 11 basis points this week. The 30-year mortgage rate, however, remained unchanged at 3.78 percent. If Treasury yields continue to rise, mortgage rates could see an increase in next week's survey."
Freddie Mac News Facts
30-year fixed-rate mortgage (FRM) averaged 3.78 percent with an average 0.5 point for the week ending September 14, 2017, the same as last week. A year ago at this time, the 30-year FRM averaged 3.50 percent.
15-year FRM this week averaged 3.08 percent with an average 0.5 point, the same as last week. A year ago at this time, the 15-year FRM averaged 2.77 percent.
5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.13 percent this week with an average 0.4 point, down from last week when it averaged 3.15 percent. A year ago at this time, the 5-year ARM averaged 2.82 percent.