Bankrate: Mortgage Rates Fall for 4th Week in a Row

Paterniano Del Favero
Agosto 3, 2017

15-year FRM this week averaged 3.18 percent with an average 0.5 point, down from last week when it averaged 3.20 percent.

"The 10-year Treasury yield was relatively flat this week, as was the 30-year mortgage rate which rose 1 basis point to 3.93 percent".

The average 30-year fixed-mortgage rate is 3.82 percent, down 1 basis point from a week ago. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.15%, down from 3.18%. Much like the lack of volatility in the financial markets, we're seeing only subtle movements in mortgage rates.

5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.15 percent this week with an average 0.5 point, down from last week when it averaged 3.18 percent.

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage.

Bankrate's national weekly mortgage survey is conducted each Wednesday from data provided by the top 10 banks and thrifts in 10 top markets.

Several benchmark mortgage rates trended down today. Half of the panelists expect mortgage rates to remain more or less unchanged. The remainder are divided, with 30 percent forecasting an increase in mortgage rates over the next week and 20 percent predicting a decline.

15 year refi fixed rate loans at the bank are 3.875% with an April of 3.931%. refi FHA ARMs in the 5 year category have been offered at 3.750% yielding an April of 3.931% to start.

Standard 30 year refinance loan deals at Wells have been published at 4.000% and an April of 4.050%. 10/1 ARM loans are coming out at 3.790% now yielding an April of 3.956%. Rates could be substantially higher when the loan first adjusts, and thereafter.

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