MARKET SURVEY 11/12/15

Weekly Mortgage Interest Rate Report November 12, 2015

Week ending on 11/12/15 Average Rate Points & Fees Margin  30-Year Fixed Rate 3.98% 0.6 N/A  15-Year Fixed Rate 3.20% 0.6 N/A  5/1-Year Adjustable Rate 3.03% 0.4 2.75  1-Year Adjustable Rate 2.65% 0.2 2.74  Week ending on 11/05/15 Average Rate Points & Fees Margin  30-Year Fixed Rate 3.87% 0.6 N/A  15-Year Fixed Rate 3.09% 0.6 N/A  5/1-Year Adjustable Rate 2.96% 0.4 2.75  1-Year Adjustable Rate 2.62% 0.2 2.74 “A surprisingly strong October jobs report showed 271,000 jobs added and wage growth of 0.4 percent from last month, exceeding many experts' expectations. The positive employment reports pushed Treasury yields to about 2.3 percent as investors responded by placing a higher likelihood on a December rate hike. Mortgage rates followed with the 30-year jumping 11 basis points to 3.98 percent, the highest since July.” – Sean Becketti, chief economist, Freddie Mac

Data and information 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.