Mortgage Rates Hold Near Record Lows

Fixed mortgage rates held near record lows this week as the markets waited for the Federal Reserve monetary policy announcement following two days of deliberations.

The Freddie Mac survey showed the 30-year, FRM averaged 3.88% for the week ending Thursday, inching down from the prior week’s average of 3.90%. Last year at this time, the 30-year FRM averaged 4.78%.

The 15-year FRM, a popular refinancing choice, averaged 3.12%, slightly falling from last week when it averaged 3.13%. A year ago, the average rate for a 15-year FRM was 3.97%.

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Author Bio:

Travis Saxton | Managing Partner In 2010 we had Travis Saxton, our Managing Partner, join our team and he has been working closely with many real estate technology and marketing companies and understands what brokerages and sales professionals need and want to become successful. He is featured weekly in industry publications, webinars, presentations, and regularly presents at national conferences and regional meetings.



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