MARKET SURVEY 12/17/15

Weekly Mortgage Interest Rate Report December 17, 2015

Week ending on 12/17/15 Average Rate Points & Fees Margin  30-Year Fixed Rate 3.97% 0.6 N/A  15-Year Fixed Rate 3.22% 0.5 N/A  5/1-Year Adjustable Rate 3.03% 0.4 2.75  1-Year Adjustable Rate 2.67% 0.2 2.74  Week ending on 12/10/15 Average Rate Points & Fees Margin  30-Year Fixed Rate 3.95% 0.6 N/A  15-Year Fixed Rate 3.19% 0.5 N/A  5/1-Year Adjustable Rate 3.03% 0.5 2.75  1-Year Adjustable Rate 2.64% 0.2 2.74 “As was almost-universally expected, the Federal Open Market Committee (FOMC) of the Federal Reserve elected this week to raise short-term interest rates for the first time since 2006. We take the Fed at its word that monetary tightening in 2016 will be gradual, and we expect only a modest increase in longer-term rates. Mortgage rates will tick higher but remain at historically low levels in 2016. Home sales will remain strong, but refinance activity should cool somewhat.” – 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.