March 22nd, 2018
- Rates on 30-year fixed home loans decreased from week-to-week for the first time in 2018.
- For the week ending March 15, Freddie Mac announced that 30-year fixed rates fell to 4.44% from 4.46% the week before.
- The average for 15-year loans decreased to 3.90% and the average for five-year adjustables rose to 3.67%.
- A year ago, 30-year fixed rates averaged 4.30%, higher than today's level.
- Attributed to Len Kiefer, Deputy Chief Economist, Freddie Mac -- "The Consumer Price Index report for last month indicated inflation may be cooling down -- as consumer price inflation was 2.2% year-over-year in February.
- Following this news, the 10-year Treasury fell slightly.
- Rates on home loans followed Treasurys and ended a nine-week surge.
- The U.S. weekly average 30-year fixed rate fell 2 basis points to 4.44% in this week's survey, its first decline this year."
Note: Rates indicated do not include fees and points or FICO considerations and are provided for evidence of trends only. They should not be used for comparison purposes.