Mortgage Rates Inch Up
MCLEAN, Va., April 11, 2019 (GLOBE NEWSWIRE) -- (OTCQB: FMCC) today released the results of its (PMMS®), showing that mortgage rates rose modestly this week 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.”
News Facts
- (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.
- 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.
- (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.
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the . Borrowers may still pay closing costs which are not included in the survey.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders, investors and taxpayers. Learn more at , Twitter and Freddie Mac’s blog .
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Nicole Flores
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A photo accompanying this announcement is available at
