Weekly Mortgage Interest Rate Report December 17, 2015

Week ending on 12/17/15 Average
Rate
Points
& Fees
Margin
 30-Year Fixed Rate 3.97% 0.6 N/A
 15-Year Fixed Rate 3.22% 0.5 N/A
 5/1-Year Adjustable Rate 3.03% 0.4 2.75
 1-Year Adjustable Rate 2.67% 0.2 2.74
 Week ending on 12/10/15 Average
Rate
Points
& Fees
Margin
 30-Year Fixed Rate 3.95% 0.6 N/A
 15-Year Fixed Rate 3.19% 0.5 N/A
 5/1-Year Adjustable Rate 3.03% 0.5 2.75
 1-Year Adjustable Rate 2.64% 0.2 2.74
“As was almost-universally expected, the Federal Open Market Committee (FOMC) of the Federal Reserve elected this week to raise short-term interest rates for the first time since 2006. We take the Fed at its word that monetary tightening in 2016 will be gradual, and we expect only a modest increase in longer-term rates. Mortgage rates will tick higher but remain at historically low levels in 2016. Home sales will remain strong, but refinance activity should cool somewhat.”
– Sean Becketti, chief economist, Freddie Mac
Social Share Toolbar