U.S. Mortgage Rates Start 2016 Below Four Percent
2016-01-13Sean Becketti, chief economist at Freddie Mac said, "Concerns about overseas economic developments have dominated financial markets to start the year. U.S. Treasury bond yields fell amidst a global equity selloff and flight to safety. In response, the 30-year mortgage rate dipped 4 basis points to 3.97 percent."
Freddie Mac News Facts
• 30-year fixed-rate mortgage (FRM) averaged 3.97 percent with an average 0.6 point for the week ending January 7, 2016, down from last week when it averaged 4.01 percent. A year ago at this time, the 30-year FRM averaged 3.73 percent.
• 15-year FRM this week averaged 3.26 percent with an average 0.5 point, up from 3.24 percent last week. A year ago at this time, the 15-year FRM averaged 3.05 percent.
• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.09 percent this week with an average 0.5 point, up from last week when it averaged 3.08 percent. A year ago, the 5-year ARM averaged 2.98 percent.
source: http://www.worldpropertyjournal.com/real-estate-news/united-states/primary-mortgage-market-survey-january-2016-current-mortgage-rates-freddie-mac-sean-becketti-fixed-mortgage-rates-2016-mortgage-news-9595.php
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