Freddie Mac, Mortgage Rates Lower

Freddie Mac announced in their Primary Mortgage Market Survey that average fixed rate mortgages declined after three weeks of increasing rates. Here are the results:

15 year fixed rate mortgage – averaged 2.73 %

30 year fixed rate mortgage – averaged 2.74%

A lot of borrowers are still taking advantage of these rates by refinancing. The Mortgage Bankers Association shows refinance activity has increased 55 % from last year at this time. 

Share this post

Leave a comment

About Us

SAMCO Appraisal Management Company is a nationwide appraisal management service for community banks. We provide regulatory compliance and save our clients actual dollars at the end of the day.

SAMCO is committed to earning your loyalty one appraisal at a time.

Categories

 Sign up and stay in touch