“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 |
|