Category Archives: Interest Rates

Mortgage Rates Climb Slowly

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The January 2 release of Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) results shows average fixed mortgage rates continuing to edge higher as we enter the new year. The 30-year fixed-rate mortgage (FRM) averaged 4.53 percent for the week ending January 2, 2014; a year ago at this time, the 30-year FRM averaged 3.34 percent.

Mortgage Rates Little Changed

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Freddie Mac’s Dec. 26 release of the results of its Primary Mortgage Market Survey® (PMMS®) shows average fixed mortgage rates little changed from the previous week as we head into the final days of 2013. The 30-year fixed-rate mortgage (FRM) averaged 4.48 percent; a year ago at this time, the 30-year FRM averaged 3.35 percent. The 15-year FRM average this week of 3.52 percent compares with 2.65 percent at this time a year ago.