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September 1, 2014

Mortgage Rates to Enter New Year Mostly Flat

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Mortgage Rates to Enter New Year Mostly Flat

Fixed-rate mortgages changed little this week heading into the end of the year, Freddie Mac reports in its weekly mortgage market survey.  

Freddie Mac reports the following national averages with mortgage rates for the week ending Dec. 26: 

  • 30-year fixed-rate mortgages averaged 4.48 percent, with an average 0.7 point, rising from last week’s 4.47 percent average. Last year at this time, 30-year fixed-rate mortgages averaged 3.35 percent. 
  • 15-year fixed-rate mortgages averaged 3.52 percent, with an average 0.7 point, increasing slightly from last week’s 3.51 percent average. Last year at this time, 15-year rates averaged 2.65 percent. 
  • 5-year hybrid adjustable-rate mortgages (ARMs) averaged 3 percent, with an average 0.4 point, rising from last week’s 2.96 percent average. A year ago, 5-year ARMs averaged 2.7 percent. 
  • 1-year ARMs averaged 2.56 percent, with an average 0.5 point, dropping slightly from last week’s 2.57 percent average. A year ago, 1-year ARMs averaged the exact same as today's percentage. 

Source: Freddie Mac

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