Freddie Mac: Mortgage rates hold steady; 30-year fixed at 3.55%
- Share via
Mortgage rates were on hold this week near-record lows, with lenders offering the 30-year fixed-rate home loan at an average 3.55% for the second straight week, according to Freddie Mac’s latest survey.
The McLean, Va., mortgage finance company said the typical rate for a 15-year loan edged down to 2.85% from 2.86%.
Start rates for adjustable mortgages were mixed, with loans fixed for the first five years falling from 2.75% to 2.72% and the one-year adjustable holding steady at 2.61%.
Freddie Mac asks lenders each week about popular combinations of rates and fees they are offering to people with good credit who want to borrow no more than 80% of the home’s appraised value.
The company said that in the latest survey the borrowers would have paid an average of 0.6% of the loan amount in lender fees and points for the fixed-rate loans and the five-year adjustable, and 0.4% upfront for the one-year adjustable. The survey doesn’t include third-party costs such as appraisals and title insurance.
The Freddie Mac weekly survey of 30-year fixed mortgage rates dates back to 1971. It set a record low of 3.49% in July.
US 30 Year Mortgage Rate data by YCharts
ALSO:
Stocks flat ahead of Fed policy statement
Jobless claims jump, increasing pressure for Fed stimulus
All eyes on Federal Reserve, Bernanke, as new stimulus expected
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
