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Friday, April 1, 2016
Friday Rate Update
Thirty-Year Mortgage Rate Unchanged
The rate for a 30-year fixed-rate mortgage was 3.71 percent this week, unchanged from the week prior, Freddie Mac said yesterday. At this time last year, the 30-year FRM averaged 3.7 percent.
This week’s 15-year FRM averaged 2.98 percent, up slightly from last week’s average of 2.96 percent. A year ago, the 15-year FRM averaged 2.98 percent.
--ABA Daily Newsbytes
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