FREDDIE MAC MORTGAGE RATES For The Week Ending October 1 2015

Dated: 10/01/2015

Views: 124

Image title


MCLEAN, VA--(Marketwired - Oct 1, 2015) - Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMM®), showing average fixed mortgage rates largely unchanged despite ongoing global growth concerns putting downward pressure on Treasury yields.


• 30-year fixed-rate mortgage (FRM) averaged 3.85 percent with an average 0.6 point for the week ending October 1, 2015, down from last week when it averaged 3.86 percent. A year ago at this time, the 30-year FRM averaged 4.19 percent.


15-year FRM this week averaged 3.07 percent with an average 0.7 point, down from last week when it averaged 3.08 percent. A year ago at this time, the 15-year FRM averaged 3.36 percent.


• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.91 percent this week with an average 0.4 point, unchanged from last week. A year ago, the 5-year ARM averaged 3.06 percent.


• 1-year Treasury-indexed ARM averaged 2.53 percent this week with an average 0.2 point, unchanged from last week. At this time last year, the 1-year ARM averaged 2.42 percent. Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following links for the Regional and National Mortgage Rate Details and Definitions. Borrowers may still pay closing costs which are not included in the survey.


 Quote attributed to Sean Becketti, chief economist, Freddie Mac: "In contrast to the volatility in equity markets, the 10-year Treasury rate -- a key driver of mortgage rates -- varied just a little more than 10 basis points over the last week. As a result, the 30-year mortgage rate remained virtually unchanged, dropping 1 basis point to 3.85 percent. This marks the tenth consecutive week of a sub-4-percent mortgage rate. Despite persistently low mortgage rates, the pending home sales index dropped 1.4 percent in August, suggesting possible tempering in existing home sales in September."


Blog author image

Bart Austin

"There is no substitute for experience!" Growing up on Long Island, N.Y., Bart learned many things from his mom, who was a real estate attorney. He worked as a buyer in retail sportswear in New York u....

Latest Blog Posts

Want To Meet The Courageous Parkland Florida Kids Here In Las Vegas

The Marjorie Stoneman Douglas High School's survivor's March for our Lives Road Trip hits Las Vegas tonight. You know those Parkland, Florida kids. They are the high schoolers 

Read More

Hot Yoga Happens Outside At The Neon Museum Boneyard

Most hot yoga classes are taught in studios with the heat cranked up. The Neon Museum came up with a novel idea: let the sun do the heating! We live in Las Vegas!!!!!Eileen Lorraine leads a 60

Read More

A Word Homeowners Need To Understand

Acquisition Debt is the amount of money borrowed used to buy, build or improve a principal residence or second home. Under the new tax law, mortgages taken after 12/14/17 are limited to a

Read More

Las Vegas Real Estate Market Report July 6 2018

Las Vegas Real Estate Market Report July 6 2018The amount of Las Vegas homes for sale that do not have contracts on them is about 4,800 homes.There are about 4,400 homes that already

Read More