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Friday, October 9, 2015

Friday Rate Update

Mortgage Rates Drop on Weak September Jobs Report 

The rate for a 30-year fixed-rate mortgage averaged 3.76 percent this week, down from last week’s 3.85 percent, Freddie Mac said yesterday. At this time last year, the 30-year FRM rate averaged 4.19 percent. This week’s 15-year FRM rate averaged 2.99 percent compared to last week’s 3.07 percent rate, falling below 3 percent for the first time since April. A year ago, the 15-year FRM rate averaged 3.36 percent

---ABA Daily Newsbytes

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