April 23, 2024 11:22 am
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Freddie Mac: Mortgage rates fall in time for spring

mortgage rates fall

By Jamortgage rates fallcob Passy | National Mortgage News

As the temperature have crept up, mortgage rates have gone down, making for a positive start to the spring home-buying season, according to the Freddie Mac Primary Mortgage Market Survey.

Freddie Mac’s weekly survey found that the average 30-year fixed rate mortgage dropped this week to 3.78% from 3.86% the week prior, according to a March 19 news release. This figure is more than 0.5% lower than during the same period in 2014.

For 15-year fixed-rate mortgages, the average rate also fell — albeit just slightly — to 3.06% from 3.10% a week ago. At this same time in 2014, 15-year FRMs stood at an average rate of 3.32%.

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