Mortgage rates relaxed again this week, with the 30-year, fixed rate averaging 3.92 percent, down from 3.96 percent the week prior, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The 15-year, fixed rate averaged 3.20 percent—a decline, also, from 3.23 percent the week prior—and the 5-year, Treasury-indexed hybrid adjustable rate averaged 3.18 percent, down, as well, from 3.21 percent the week prior.
“The 10-year Treasury yield rose five basis points this week while the 30-year mortgage rate dropped four basis points to 3.92 percent,” says Sean Becketti, chief economist at Freddie Mac. “Mortgage rates in next week’s survey would depend on how the market reacts to the Fed’s balance sheet unwinding announcement.”
Source: Freddie Mac
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