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The Markets

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.