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Good News from Freddie Mac!

Posted by sarahebordelon on March 10, 2019
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money03According to this week’s Freddie MAC reports, mortgage rates rose ever so slightly to 4.41% this week for a 30-year FRM. This is the fourth week in a row mortgage rates have stayed below year-ago levels, good news for buyers. The recent lower rates combined with a strong labor market has brought about a rise in purchase mortgage demand as the spring home-buying season begins.

  • 30-year Fixed Rate Mortgage rates are at 4.41%, down .05 from this time in 2018.
  • 15-year Fixed Rate Mortgage rates are at 3.83%, down .11 from this time a year ago.
  • 5/1-year Adjustable Rate Mortgage rate is 3.87%, up .24 from March 2018.
PMMS Chart 20190307

Freddie Mac Primary Mortgage Market Survey – U.S. weekly averages as of 3/7/19.

Wondering what your mortgage expenses would be if you bought a new home? We can help! Call The Seay Realty Group, dedicated to service and exceeding your expectations. 214.636.8485

 

 

 

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