Market Update

Market Update

Friday, September 18, 2015

CURRENT MARKET SURVEY

Weekly Mortgage Interest Rate Report
September 17, 2015
 Week ending on 09/17/15Interest
Rate
Points
& Fees
Margin
 30 Year Fixed Rate3.91%0.6N/A
 15 Year Fixed Rate3.11%0.6N/A
 5/1-Year Adjustable Rate2.92%0.52.74
 1 Year Adjustable Rate2.56%0.22.74
 Week ending on 09/10/15Interest
Rate
Points
& Fees
Margin
 30 Year Fixed Rate3.90%0.6N/A
 15 Year Fixed Rate3.10%0.7N/A
 5/1-Year Adjustable Rate2.91%0.52.74
 1 Year Adjustable Rate2.63%0.32.74
“The Treasury market was relatively quiet this week, and as a result the 30-year mortgage rate barely budged. Inflation fell shy of expectations in August, up 0.2 percent over the past year, but core consumer prices increased 1.8 percent year-over-year. Low mortgage rates help to support housing markets, which continue to bring good news. The National Association of Home Builders' HMI came in above expectations at 62, which is a ten year high.”
– Sean Becketti, chief economist, Freddie Mac
Data is provided by Freddie Mac's Primary Mortgage Market Survey® (PMMS)
This is not intended as an advertisement of interest rates as defined by Regulation Z, Section 1026.2. Data 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.

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