Mortgage Rates Resume Drop

Mortgage Rates Resume Drop

According to Freddie Mac’s latest Primary Mortgage Market Survey, the average U.S. mortgage rate dropped for the second consecutive week as of July 27, 2017:

  • 30-Year Fixed: Averaged 3.92%, down from last week when it averaged 3.96%. A year ago at this time, the 30-year FRM averaged 3.48%.
  • 15-Year Fixed: Averaged 3.20%, down from last week when it averaged 3.23%. A year ago at this time, the 15-year FRM averaged 2.78%.
  • 5-Year Adjustable-Rate Mortgage (ARM): Averaged 3.18%, down from last week when it averaged 3.21%. A year ago at this time, the 5-year ARM averaged 2.78%.