Fixed Mortgage Rates Show Little Change

fm mortgage

Average fixed mortgage rates showed little change over the past week and continued to hover near 2014 lows, Freddie Mac reported Nov. 13 in its weekly Primary Mortgage Market Survey.

The 30-year fixed-rate mortgage fell 0.01 points to 4.01 percent (down from 4.35 percent a year ago). The 15-year fixed-rate mortgage decreased 0.01 points to 3.20 percent (down from 3.35 a year ago).

The one-year adjustable-rate dropped 0.02 points to 2.43 percent (down from 2.61 a year ago). The five-year Treasury-indexed rate rose up 0.05 points to 3.02 percent (up from 3.01 percent a year ago).

“Fixed mortgage rates were slightly down on mixed results from October’s employment report,” Frank Nothaft, Freddie Mac vice president and chief economist, said in a news release. “While the unemployment rate declined to 5.8 percent, nonfarm employment rose by 214,000 jobs, which was below consensus expectations. Net revisions for payroll employment in August and September added 31,000 more jobs to the initial readings.”

Freddie Mac’s Weekly Mortgage Market Survey: http://www.freddiemac.com/pmms/

Disclaimer: for information and entertainment purposes only

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