Freddie Mac’s (OTCQB: FMCC) Primary Mortgage Market Survey® , released Thursday, showed that rates remained flat after dropping for six consecutive weeks.
Sam Khater, Freddie Mac’s chief economist, said, “Weaker manufacturing data and a more dovish tone from the Federal Reserve left mortgage rates unchanged relative to last week. However, interest rate-sensitive sectors of the economy – such as consumer mortgage demand and home builder construction sentiment – are on the mend, which indicates that lower interest rates are beginning to have a positive impact on some segments of the economy.”
News Facts
- 30-year fixed-rate mortgage (FRM) averaged 4.45% with an average 0.4 point for the week ending January 17, 2019, unchanged from last week. A year ago at this time, the 30-year FRM averaged 4.04%.
- 15-year FRM this week averaged 3.88% with an average 0.4 point, down from last week when it averaged 3.89%. A year ago at this time, the 15-year FRM averaged 3.49%.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.87% with an average 0.3 point, up from last week when it averaged 3.83%. A year ago at this time, the 5-year ARM averaged 3.46%.
