Mortgage rates remained mostly unchanged during the past week, according to the latest Freddie Mac Primary Mortgage Market Survey.
“Mortgage rates remained mostly unchanged this week, while mortgage applications rose 5.3 percent from the previous week,” said Freddie Mac Chief Economist Sam Khater. “The general decline in rates we have seen recently, combined with rebounding pending home sales, hint at a strong spring homebuying season.”
The average 30-year fixed mortgage rate was 4.35 percent in the past week, the same as it was the week before. A year ago at this time, the average 30-year rate was 4.43 percent.
Rates for 15-year fixed mortgages averaged 3.77 percent in the most recent survey. That was down slightly from 3.78 percent the week before. Last year, the typical 15-year rate was 3.90 percent.
For five-year adjustable-rate mortgages, the average rate was 3.84 percent, unchanged from the week before. Last year, it was 3.62 percent.
At the end of the week, Bankrate.com listed the current 30-year fixed mortgage rate at 4.43 percent; 15-year fixed at 3.70 percent; 30-year jumbo rates at 4.42 percent; and a 5-year ARM at 4.10 percent.
Wells Fargo’s rates for the past week were 4.375 percent on a 30-year fixed and 4.125 on a 30-year jumbo; 3.75 percent on a 15-year fixed and on a 15-year jumbo; 4 percent on a 5-year ARM and 4.125 percent on a 7-year ARM.
Bank of America listed its current 30-year fixed at 4.375 percent, 20-year at 4.25 percent, and 15-year at 3.625 percent. Its 5-year ARM is 3.625 percent and 10-year ARM is 4.125 percent.