Weekly Mortgage Interest Rate Report January 14, 2016

“Long-term Treasury yields continue to drop, dragging mortgage rates down with them. Turbulence in overseas financial markets is generating a flight-to-quality which benefits U.S. Treasury securities. In addition, sagging oil prices are capping inflation expectations. The net effect on the 30-year mortgage rate was a 5 basis point drop.”– Sean Becketti, chief economist, Freddie Mac

Week ending on 01/14/16 Average
Rate
Points
& Fees
Margin
 30-Year Fixed Rate 3.92% 0.6 N/A
 15-Year Fixed Rate 3.19% 0.5 N/A
 5/1-Year Adjustable Rate 3.01% 0.4 2.75
 1-Year Adjustable Rate 2.68% 0.2 2.74
 Week ending on 01/07/16 Average
Rate
Points
& Fees
Margin
 30-Year Fixed Rate 3.97% 0.6 N/A
 15-Year Fixed Rate 3.26% 0.5 N/A
 5/1-Year Adjustable Rate 3.09% 0.5 2.75
 1-Year Adjustable Rate 2.68% 0.2 2.74
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