Mortgage Rates Fall Down Again

Young Circle in Hollywood, FL

Freddie Mac just released it’s weekly Primary Mortgage Market Survey. It shows U.S weekly average mortgage rates as of  February 21st, 2019.

Mortgages rates fall down for the third consecutive week, and this trend started late last year.

02_21_2019 Primary Mortgage Maarket Survey

Freddie Mac survey shows  U.S weekly average mortgage rates change during the week.

This week’s, February 21st, 2019, survey shows, that 30-year fixed rate mortage went down by 2 points since the last week’s survey and they are at 4.35 percent. 

The 30-year fixed rate mortgage decreased by 5 points in a year. For the week of February 22, 2018, when rate average was 4.40%. So, this week’s rate of 4.35 percent is the lowest in the last 12 months.

The 15-year fixed-rate mortgage went down by 3 points in one week. It is at 3.78 percent now.

The 15-year fixed rate mortgage for the year decreased by 7 points. It was 3.85 percent for the week of February 22, 2018. This rate 3.78 is the lowest rate during the last 12 months.

02_21_2019 Freddie Mac one year

The highest rate during the last 12 months for 30-year fixed rate mortgage was for the period of 2 weeks November 8th, 2018 and November 15th, 2018, and the rate was 4.94 percent.

The highest rate during the last 12 months for 15-year fixed rate mortgage was for the week of November 15th, 2018, and the rate was 4.36 percent.