Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Freddie Mac: Mortgage Rates Largely Unchanged

Freddie Mac announced the most recent weekly mortgage rates in its latest Primary Mortgage Market Survey (PMMS) Thursday, showing rates largely unchanged from the previous week.

In terms of 30-year fixed-rate mortgages (FRMs), the overall average rate in the U.S. rang in at 3.38%, a two-basis-point drop from the previous week. In addition, the rate of 15-year FRMs stayed at last week's rate of 2.66%. Rates for five-year adjustable-rate mortgages (ARMs) also stayed flat compared to last week, at 2.67%. The average one-year ARM dropped from 2.60%, to 2.57%.

Freddie Mac's latest survey presents slightly higher mortgage rates than the country's recent record lows. "Mortgage rates were flat to down a little this week amid reports that inflation remains contained," according to Frank Nothaft, chief economist at Freddie Mac.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2202976, ~/Articles/ArticleHandler.aspx, 9/26/2016 10:18:06 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 hour ago Sponsored by:
DOW 18,094.83 -166.62 -0.91%
S&P 500 2,146.10 -18.59 -0.86%
NASD 5,257.49 -48.26 -0.91%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes