Freddie Mac PMMS Interest Rates Survey
November 2019
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October 31, 2019 Rate Survey
MCLEAN, Va., Oct. 31, 2019 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.78 percent.
“This week marks the third consecutive week of rate increases, which hasn’t happened since April of this year. That said, purchase activity continues to show strength, indicating obvious homebuyer demand,” said Sam Khater, Freddie Mac’s Chief Economist. “However, the lack of housing supply remains a major barrier to not just the housing market, but the overall economic recovery.”
Average Rates plus points and 1 Year ago Rates
- 30-year fixed-rate mortgage averaged 3.78 percent with an average 0.5 point for the week ending October 31, 2019, up from last week when it averaged 3.75 percent. A year ago at this time, the 30-year FRM averaged 4.83 percent.
- 15-year fixed-rate mortgage averaged 3.19 percent with an average 0.6 point, up from last week when it averaged 3.18 percent. A year ago at this time, the 15-year FRM averaged 4.23 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.43 percent with an average 0.4 point, up from last week when it averaged 3.4 percent. A year ago at this time, the 5-year ARM averaged 4.04 percent.
November 7, 2019 Rate Survey – Mortgage Rates Fall Back
MCLEAN, Va., Nov. 07, 2019 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Surveyâ (PMMSâ), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.69 percent.
“After a year-long slide, mortgage rates hit a cycle low in September 2019 and have risen in six out of the last nine weeks due to modestly better economic data and trade related optimism,” said Sam Khater, Freddie Mac’s Chief Economist. “The improvement in sentiment has been one of the main drivers behind the surge in equity prices and will provide a halo effect to consumer spending heading into the important holiday shopping season.”
Average Rates plus points and 1 Year ago Rates
- 30-year fixed-rate mortgage averaged 3.69 percent with an average 0.5 point for the week ending November 7, 2019, down from last week when it averaged 3.78 percent. A year ago at this time, the 30-year FRM averaged 4.94 percent.
- 15-year fixed-rate mortgage averaged 3.13 percent with an average 0.4 point, down from last week when it averaged 3.19 percent. A year ago at this time, the 15-year FRM averaged 4.33 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.39 percent with an average 0.3 point, down from last week when it averaged 3.43 percent. A year ago at this time, the 5-year ARM averaged 4.14 percent.
PMMS Rate Surveys are updated every Thursday Morning – check back to follow the changes in interest rates.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders, investors and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac’s blog FreddieMac.com/blog.
