Mortgage Rates Continue to Hold

Mortgage rates are continuing to hold at year-to-date lows amidst ongoing economic uncertainty, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The 10-year Treasury yield rose 3 basis points this week.The 30-year fixed mortgage rate averaged 3.90 percent for the week ending June 22, 2017. That is down .01 percentage point from last week. The 15-year fixed mortgage rate averaged 3.17 percent. A year ago at this time, the 15-year FRM averaged 2.83 percent. The 5-year Treasury-indexed hybrid adjustable mortgage rate (ARM) averaged 3.14 percent, down from last week when it averaged 3.15 percent.

Freddie Mac advised that borrowers may still pay closing costs, not included in the PMMS® survey calculations.

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