As an Oklahoma Realtor®, I love sharing good info and real estate news on the market and things that affect it like financing and mortgage news. Enjoy this read from Freddie Mac!
Real Estate News
Average fixed-rate mortgages moved slightly higher this week. However, Freddie Mac noted in its weekly mortgage market survey that borrowers continue to enjoy historical lows on 30-year fixed-rate mortgages.
Check out last week’s report on mortgage rates.
Freddie Mac reports the following national averages on mortgage rates for the week ending April 30:
- 30-year fixed-rate mortgages averaged 3.68 percent, with an average 0.6 point, rising from last week’s 3.65 percent average. A year ago, 30-year rates averaged 4.29 percent.
- 15-year fixed-rate mortgages averaged 2.94 percent, with an average 0.6 point, increasing from last week’s 2.92 percent average. Last year at this time, 15-year rates averaged 3.38 percent.
- 5-year hybrid adjustable-rate mortgages averaged 2.85 percent, with an average 0.5 point, rising from last week’s 2.84 percent average. A year ago, 5-year ARMs averaged 3.05 percent.
- 1-year ARMs averaged 2.49 percent, with an average 0.4 point, rising from last week’s 2.44 percent. A year ago, 1-year ARMs averaged 2.45 percent.
Source: Freddie Mac