Even Lower Mortgage Rates This Week

The average 30-year, fixed mortgage rate slipped to 3.33 percent this week, according to the Freddie Mac Primary Mortgage Market Survey® (PMMS®).
 
30-Year Fixed

• Averaging 3.33 percent, with an average 0.7 point
• Down from 3.5 percent the prior week and 4.08 percent the prior year 

15-Year Fixed

• Averaging 2.82 percent, with an average 0.6 point
• Down from 2.92 percent the prior week and 3.56 percent the prior year 

5-Year Adjustable

• Averaging 3.40 percent, with an average 0.3 point
• Up from 3.34 percent the prior week, but down from 3.66 percent the prior year 

"Mortgage rates have drifted down for two weeks in a row and that drop reflects improvements in market liquidity and sentiment," said Sam Khater, Freddie Mac chief economist, in a statement. "While the market has stabilized relative to prior weeks, homebuyer demand has declined in response to current economic conditions. The good news is that the pending economic stimulus is on the way and will provide support for both consumers and businesses."
 
Source: Freddie Mac