MCLEAN, Va. -- For the week ending Oct. 16, 30-year fixed-ratemortgages averaged 6.46% with an average 0.6 point, up from lastweek when it averaged 5.94%. This week's 52 basis points increaseis the largest weekly increase in 20 years, according to FreddieMac's Primary Mortgage Market Survey.
|Last year at this time, the 30-year fixed-rate mortgage interestrate averaged 6.40%.
|The 15-year fixed-rate mortgage this week averaged 6.14% with anaverage 0.6 point, up from last week when it averaged 5.63%. A yearago at this time, the 15-year fixed-rate mortgage averaged6.08%.
|Five-year Treasury-indexed hybrid adjustable-rate mortgagesaveraged 6.14% this week, with an average 0.6 point, up from lastweek when it averaged 5.90%. A year ago, the 5-year ARM averaged6.11%.
|One-year Treasury-indexed ARMs averaged 5.16% this week with anaverage 0.6 point, up from last week when it averaged 5.15%. Atthis time last year, the 1-year ARM averaged 5.76%.
|More than half of the panelists surveyed by Bankrate.com for theweek of Oct. 16 to Oct. 22 expect rates to decline over the next 35to 45 days.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
