Fixed Rate Mortgages Stay Flat; Near 2015 Lows

MCLEAN, Va.–Freddie Mac’s most recent Primary Mortgage Market survey shows fixed mortgage rates unchanged from one week earlier, which means they remain near 2015 lows.

According to Freddie Mac, the 30-year, fixed-rate mortgage averaged 3.65% with an average 0.5 point for the week ending Feb. 18, 2016, unchanged from last week. A year ago at this time, the 30-year FRM averaged 3.76%

The 15-year, fixed-rate mortgage averaged 2.95% with an average 0.5 point, unchanged from one week earlier. A year ago at this time, the 15-year FRM averaged 3.05%.  

The five-year, Treasury-indexed hybrid AARM averaged 2.85% last week with an average 0.4 point, up from one week earlier when it averaged 2.83%. A year ago, the five-year ARM averaged 2.97%.

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