U.S. Mortgage Rates Lower in Latest Week -- Freddie Mac
23 Marzo 2017 - 3:29PM
Dow Jones News
By Imani Moise
Average mortgage rates in the U.S. fell in the latest week,
according to mortgage-finance company Freddie Mac (FMCC).
Freddie Mac Chief Economist Sean Becketti said in prepared
remarks Thursday that the declines marked a stark contrast from
last week's jump after the Federal Reserve's announcement.
For the week ended Thursday, the 30-year fixed-rate mortgage
averaged 4.23%, compared with 4.3% a week earlier and 3.71% a year
earlier.
Rates on 15-year fixed-rate mortgages averaged 3.44%, compared
with 3.5% the previous week and 2.96% a year earlier.
Five-year Treasury-indexed hybrid adjustable-rate mortgages, or
ARMs, on average, were at 3.24%, compared with 3.28% the previous
week and 3.89% a year earlier.
Write to Imani Moise at imani.moise@wsj.com
(END) Dow Jones Newswires
March 23, 2017 10:14 ET (14:14 GMT)
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