According to Freddie Mac's latest Primary Mortgage Market Survey, U.S. mortgage rates rose modestly this 2nd week of April 2019, with the 30-year fixed-rate averaging 4.12 percent.
Sam Khater, Freddie Mac's chief economist, says, "Rates moved up slightly this week while mortgage applications decreased following last week's jump in rates - indicating borrower sensitivity to changing mortgage rates. Despite the recent rise, we expect mortgage rates to remain low, in line with the low 10-year treasury yields, boosting homebuyer demand in the next few months."
Freddie Mac News Facts
30-year fixed-rate mortgage (FRM) averaged 4.12 percent with an average 0.5 point for the week ending April 11, 2019, up from last week when it averaged 4.08 percent. A year ago at this time, the 30-year FRM averaged 4.42 percent.
15-year FRM this week averaged 3.60 percent with an average 0.4 point, up from last week when it averaged 3.56 percent. A year ago at this time, the 15-year FRM averaged 3.87 percent.
5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.80 percent with an average 0.4 point, up from last week when it averaged 3.66 percent. A year ago at this time, the 5-year ARM averaged 3.61 percent.
According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending November 29, 2019, mortgage applications decreased 9.2 percent from one week earlier. This week's results include an adjustment for the Thanksgiving holiday.
According to a new survey by CBRE of personnel at 14 of the major U.S. malls and large-format retail centers that CBRE manages found the following regarding results from this Thanksgiving weekend's holiday shopping season:
According to the National Association of Realtors, existing-home sales rose in October 2019. The four major U.S. regions were split last month, with the Midwest and the South seeing growth, and the Northeast and the West both reporting a drop in sales.
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