Mortgage News

Mortgage Rates Trend Lower

February 7th, 2013

The weekly averages for 15 year fixed-rate (2.77%), 5 year adjustable-rate (2.63%) and 1 year adjustable-rate (2.53%) mortgages all dropped on the weekly report ending February 7, 2013.  The 30 year fixed-rate mortgage average remained unchanged at 3.53%.  This continues a trend of continually lower average interest rates during the past twelve months.

 

Chart Source:  Freddie Mac Primary Mortgage Market Survey (U.S. Weekly Averages)