Mortgage Rates Hold Steady

MCLEAN, VA -- (Marketwired) -- 11/22/17 -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the average 30-year fixed mortgage rate dropping slightly after last week's jump.

News Facts

• 30-year fixed-rate mortgage (FRM) averaged 3.92 percent with an average 0.5 point for the week ending November 22, 2017, down from last week when it averaged 3.95 percent. A year ago at this time, the 30-year FRM averaged 4.03 percent.
• 15-year FRM this week averaged 3.32 percent with an average 0.4 point, up from last week when it averaged 3.31 percent. A year ago at this time, the 15-year FRM averaged 3.25 percent.
• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.22 percent this week with an average 0.4 point, up from last week when it averaged 3.21 percent. A year ago at this time, the 5-year ARM averaged 3.12 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 Definitions. Borrowers may still pay closing costs which are not included in the survey.

Quote Attributed to Sean Becketti, chief economist, Freddie Mac. "Rates dipped slightly in a short week leading up to the Thanksgiving holiday. The 10-year Treasury yield fell roughly 4 basis points, while the 30-year mortgage rate dropped 3 basis points to 3.92 percent. Mortgage rates continue to remain low."

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 and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=3182230

MEDIA CONTACT:
Chad Wandler
703-903-2446
[email protected]

Source: Freddie Mac

You May Also Be Interested In

• Blighter Targets Further Growth in Central and Eastern Europe with Land, Coastal and Low-Altitude Air Surveillance Capabilities at MSPO 2026
• What XRP Price Prediction Reveals as Apeing Enters the Market With a Live $0.0001 Presale in the Search for the Next Crypto to Explode
• Form 8.3 - [APTITUDE SOFTWARE GROUP PLC - 08 09 2026] - (CGAML)