Weekly Mortgage Interest Rate Report — Week Ending April 8, 2015

Weekly Mortgage Interest Rate Report  —  Week Ending April 8, 2015

Data Provided by Freddie Mac's Primary Mortgage Market Survey®

Week ending on 04/09/15 Interest Rate Fees & Points Margin  30 Year Fixed Rate 3.66% 0.6 N/A  15 Year Fixed Rate 2.93% 0.6 N/A  5/1-Year Adjustable Rate 2.83% 0.5 2.73  1 Year Adjustable Rate 2.46% 0.4 2.74

This is not intended as an advertisement of interest rates as defined by Regulation Z, Section 226.24.
Data is provided by Freddie Mac's Primary Mortgage Market Survey (PMMS) and is provided for informational purposes only. The financial and other information contained herein speaks only as of the date posted herein. Freddie Mac, and/or the sender of this information, is not responsible for business decisions made based on the reported results of the PMMS. In general, the data presented were calculated from information collected Monday through Wednesday of the same week that the PMMS is released and may not reflect mortgage rates, fees or points currently available. Average fees and points are provided to reflect the total upfront cost of obtaining a mortgage. Borrowers may still pay closing costs which are not included in the survey.

Weekly Commentary

by Len Kiefer, deputy chief economist, Freddie Mac

"Mortgage rates fell across the board following last week's disappointing employment report. The US economy added 126,000 new jobs in March, well below market expectations of 247,000 jobs. We did see some uptick in wages, as average hourly earnings increased 7 cents for the month, and are up 2.1 percent over the year. Meanwhile, jobless claims fell sharply to 268,000 this week, much lower than market expectations of 285,000."