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Friday, March 6, 2015

Friday Rate Update

Mortgage Rates Dip

The rate for a 30-year fixed-rate mortgage averaged 3.75 percent this week, down from last week’s 3.8 percent, Freddie Mac said yesterday. At this time last year, the 30-year FRM rate averaged 4.28 percent.

This week’s 15-year FRM rate averaged 3.03 percent, down from last week’s 3.07 percent rate. A year ago, the 15-year FRM rate averaged 3.32 percent.

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