MARKET SURVEY 1/14/16

Weekly Mortgage Interest Rate Report January 14, 2016

Week ending on 01/14/16 Average Rate Points & Fees Margin  30-Year Fixed Rate 3.92% 0.6 N/A  15-Year Fixed Rate 3.19% 0.5 N/A  5/1-Year Adjustable Rate 3.01% 0.4 2.75  1-Year Adjustable Rate 2.68% 0.2 2.74  Week ending on 01/07/16 Average Rate Points & Fees Margin  30-Year Fixed Rate 3.97% 0.6 N/A  15-Year Fixed Rate 3.26% 0.5 N/A  5/1-Year Adjustable Rate 3.09% 0.5 2.75  1-Year Adjustable Rate 2.68% 0.2 2.74 “Long-term Treasury yields continue to drop, dragging mortgage rates down with them. Turbulence in overseas financial markets is generating a flight-to-quality which benefits U.S. Treasury securities. In addition, sagging oil prices are capping inflation expectations. The net effect on the 30-year mortgage rate was a 5 basis point drop.” – 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.