St Casimirs Mortgage Minute

U.S. Fixed Mortgage Rates Unchanged in Latest Week

Freddie Mac reported that average fixed mortgage rates held steady in the latest week but remained near last year's lows. The 30-year fixed-rate mortgage averaged 3.65 percent in the week ended Feb. 18, unchanged from last week and down from 3.76 percent a year ago. The average 15-year fixed-rate mortgage was 2.95 percent, the same as last week but down from 3.05 percent last year. Meanwhile, five-year Treasury-indexed hybrid adjustable-rate mortgages averaged 2.85 percent, up from 2.83 percent last week but down from 2.97 percent a year ago. Freddie Mac chief economist Sean Becketti said, "After another week of financial-market oscillations driven by rumors of potential limits on oil production, [the 10-year Treasury yield edged up 0.05 percent, and the 30-year mortgage rate remained unchanged]."

From "U.S. Fixed Mortgage Rates Unchanged in Latest Week"
Wall Street Journal (02/18/16) Stynes, Tess