Mortgage Rates Drop Down Again

On By Brigita DeNapoliIn Finance & Mortgage

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According to Primary Mortgage Market Survey released by Freddie Mac on April 5th, 2018, mortage rates dropped down again:

Freddie Mac primary Mortgage Market Survey.
Freddie Mac primary Mortgage Market Survey. U.S. weekly mortgage average as of 4/5/2018

 

Here is the chart for U.S. weekly average mortgages rates and changes during the last year:

Primary Mortgage Market Survey by Freddie Mac on 4_5_2018.
Primary Mortgage Market Survey by Freddie Mac on 4/5/2018. U.S. weekly average mortgage rates as of 4/5/2018

 

As I wrote before here, that mortgages rates changed a little during the last couple of weeks. Before this, mortgage rates dropped a little.

U.S. weekly average 30-year fixed-rate mortgage was 4.4%, which dropped from 4.44% previious week.

15-year fixed-rate mortgage was 3.87%, from the previous week of 3.90%.

Despite the fact that mortgage rates are going down now, they are still above the rates that they were for the same period last year. 30-year fixed-rate mortgage was 4.10% for the week of April 6th ,2017. 15-year fixed -rate mortgage was 3.36% for the week of April 6th, 2017.