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The Markets

April 10th, 2018

  • Rates on 30-year fixed home loans moved down last week.
  • For the week ending April 5, Freddie Mac announced that 30-year fixed rates fell to 4.40% from 4.44% the week before.
  • The average for 15-year loans also decreased to 3.87% and the average for five-year adjustables also moved down to 3.62%.
  • A year ago, 30-year fixed rates averaged 4.10%, higher than today's level.
  • Attributed to Len Kiefer, Deputy Chief Economist, Freddie Mac -- “After dropping earlier this week on trade-related anxiety in the financial markets, the benchmark 10-year Treasury stabilized on Wednesday, but at a level slightly lower than from the start of last week. Rates on home loans followed suit for the second consecutive week. Though rates on 30-year fixed loans are up 0.3 percentage points from the same week a year ago, a robust labor marking is helping home purchase demand weather modestly higher rates.”

Note: Rates indicated do not include fees, points or FICO consideration and are provided for evidence of trends only. They should not be used for comparison purposes