1. 2021 Current Mortgage Rates [Primary Mortgage Market]
Based on the Freddie Mac Primary Mortgage Market Survey

2021 Current Average Mortgage Rates

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Fixed mortgage rates fell slightly this week, keeping the 30-year rate under 3 percent for the third consecutive week.

3/11 3/18 3/25 4/1 4/8 4/15 4/22 4/29 5/6 3.05% 2.38% 2.77% 3.09% 2.4% 2.79% 3.17% 2.45% 2.84% 3.18% 2.45% 2.84% 3.13% 2.42% 2.92% 3.04% 2.35% 2.8% 2.97% 2.29% 2.83% 2.98% 2.31% 2.64% 2.96% 2.3% 2.7%
30-Year Fixed

According to the latest Freddie Mac Primary Mortgage Market Survey, the average 30-year fixed rate was 2.96 percent for the week ending May 6. That was down from 2.98 percent the week before. A year ago at this time, the 30-year rate averaged 3.26 percent.

15-Year Fixed

The average rate for a 15-year fixed mortgage fell one basis point from 2.31 percent to 2.30 percent this week. Last year at this time, the 15-year rate averaged 2.73 percent.

5/1 ARM

The five-year adjustable-rate mortgage had an average rate of 2.70 percent this week, an increase from 2.64 percent the week before. It was 3.14 percent a year ago.

“Consumer income and spending are picking up, which is leading to an acceleration in economic growth,” said Sam Khater, Freddie Mac’s chief economist. “The combination of low and stable rates, coupled with an improving economy, is good for homebuyers. It’s also good for homeowners who may have missed prior opportunities to refinance and increase their monthly cash flow.”

As of May 6, Mortgage News Daily listed the average 30-year rate at 3.09 percent, the 15-year rate at 2.51 percent, and the 5-year ARM at 2.37 percent.

Bankrate listed going rates for 30-year fixed at 3.07 percent, 15-year fixed at 2.35 percent, and 5-year ARM at 3.25 percent.

Week of April 29, 2021

Fixed mortgage rates moved only slightly this week while the average rate for a 5-year adjustable-rate mortgage dropped considerably.

3/4 3/11 3/18 3/25 4/1 4/8 4/15 4/22 4/29 3.02% 2.34% 2.73% 3.05% 2.38% 2.77% 3.09% 2.4% 2.79% 3.17% 2.45% 2.84% 3.18% 2.45% 2.84% 3.13% 2.42% 2.92% 3.04% 2.35% 2.8% 2.97% 2.29% 2.83% 2.98% 2.31% 2.64%
30-Year Fixed

According to the latest Freddie Mac Primary Mortgage Market Survey, the average rate on a 30-year fixed mortgage remained below 3 percent during the week ending April 29. The average rate was 2.98 percent, up a basis point from 2.97 percent the week before. The average 30-year rate was 3.23 percent.

15-Year Fixed

Average rates on a 15-year fixed mortgage rose from 2.29 percent to 2.31 percent. A year ago at this time, the average 15-year fixed rate was 2.77 percent.

5/1 ARM

The average rate for a 5-year ARM dropped from 2.83 percent to 2.64 percent this week. Last year, the average rate was 3.14 percent.

“In light of the rising COVID caseloads globally, U.S. Treasury yields stopped moving up a month ago and have remained within a narrow range as the market digests incoming economic data,” said Sam Khater, Freddie Mac’s chief economist.

“The good news is that with rates under three percent, refinancing continues to be attractive for many borrowers who financed before 2020. But, for eager buyers, especially first-time homebuyers, inventory continues to be extremely tight and competition for available homes to purchase remains high.”

As of April 29, Mortgage News Daily listed the average 30-year rate at 3.13 percent, the 15-year rate at 2.56 percent, and the 5-year ARM at 2.43 percent.

Bankrate listed going rates for 30-year fixed at 3.11 percent, 15-year fixed at 2.40 percent, and 5-year ARM at 3.26 percent.

Week of April 22, 2021

The average 30-year fixed mortgage rate fell below 3 percent for the first time in eight weeks.

2/25 3/4 3/11 3/18 3/25 4/1 4/8 4/15 4/22 2.97% 2.34% 2.99% 3.02% 2.34% 2.73% 3.05% 2.38% 2.77% 3.09% 2.4% 2.79% 3.17% 2.45% 2.84% 3.18% 2.45% 2.84% 3.13% 2.42% 2.92% 3.04% 2.35% 2.8% 2.97% 2.29% 2.83%
30-Year Fixed

According to the latest Freddie Mac Primary Mortgage Market Survey, 30-year fixed rates averaged 2.97 percent the week ending April 22. That was a drop of seven basis points from the 3.04 percent average the week before. A year ago, the 30-year fixed average rate was 3.33 percent.

15-Year Fixed

The average rate on a 15-year fixed mortgage was 2.29 percent this past week. That was a decline of six basis points from 2.35 percent the week before. Last year at this time, the 15-year rate averaged 2.86 percent.

5/1 ARM

The average rate on a 5-year adjustable rate mortgage rose slightly from 2.80 percent to 2.83 percent. It averaged 3.28 percent a year ago.

“The drop in mortgage rates is good news for homeowners who are still looking to take advantage of the very low rate environment,” said Sam Khater, Freddie Mac’s chief economist.

As of April 8, Mortgage News Daily listed the average 30-year rate at 3.14 percent, the 15-year rate at 2.60 percent, and the 5-year ARM at 2.50 percent.

Bankrate listed going rates for 30-year fixed at 3.08 percent, 15-year fixed at 2.38 percent, and 5-year ARM at 3.24 percent.

Week of April 15, 2021

Mortgage rates slid downward for the second straight week, according to the latest Freddie Mac Primary Mortgage Market Survey.

2/18 2/25 3/4 3/11 3/18 3/25 4/1 4/8 4/15 2.81% 2.21% 2.77% 2.97% 2.34% 2.99% 3.02% 2.34% 2.73% 3.05% 2.38% 2.77% 3.09% 2.4% 2.79% 3.17% 2.45% 2.84% 3.18% 2.45% 2.84% 3.13% 2.42% 2.92% 3.04% 2.35% 2.8%
30-Year Fixed

For the week ending April 15, the average rate on a 30-year fixed mortgage was 3.04 percent. The average fell from 3.13 percent the week before. It averaged 3.31 percent a year ago.

15-Year Fixed

The average rate on a 15-year fixed mortgage dropped from 2.42 percent to 2.35 percent this week. Last year’s average 15-year fixed rate was 2.80 percent.

5/1 ARM

The average rate for a 5-year adjustable-rate mortgage was 2.80 percent, down from 2.92 percent the week before and 3.34 at this point a year ago.

“The economy is improving on the demand side and on the supply side, a variety of goods and materials remain scarce. As a result of this imbalance, pricing pressures are building and causing inflation to rise,” said Sam Khater, Freddie Mac’s chief economist. “Despite the pause in mortgage rates recently, we expect them to increase modestly for the remainder of this year.”

As of April 15, Mortgage News Daily listed the average 30-year rate at 3.20 percent, the 15-year rate at 2.67 percent, and the 5-year ARM at 2.62 percent.

Bankrate listed going rates for 30-year fixed at 3.12 percent, 15-year fixed at 2.42 percent, and 5-year ARM at 3.09 percent.

Week of April 8, 2021

Average mortgage rates fell slightly this week for the first time in nearly two months.

2/11 2/18 2/25 3/4 3/11 3/18 3/25 4/1 4/8 2.73% 2.19% 2.79% 2.81% 2.21% 2.77% 2.97% 2.34% 2.99% 3.02% 2.34% 2.73% 3.05% 2.38% 2.77% 3.09% 2.4% 2.79% 3.17% 2.45% 2.84% 3.18% 2.45% 2.84% 3.13% 2.42% 2.92%
30-Year Fixed

According to the latest Freddie Mac Primary Mortgage Market Survey, the average 30-year fixed rate for the week ending April 8 was 3.13 percent. It was 3.18 percent the week before and 3.33 percent at this time last year.

15-Year Fixed

The average rate on a 15-year fixed mortgage dropped from 2.45 percent to 2.42 percent. A year ago, the 15-year rate averaged 2.77 percent.

5/1 ARM

Five-year adjustable-rate mortgage rates averaged 2.92 percent for the week, up from 2.84 percent the week before. Last year, the average 5-year ARM rate was 3.40 percent.

“After moving up for seven consecutive weeks, mortgage rates have dropped due to the recent, modest decline of U.S. Treasury yields,” said Sam Khater, Freddie Mac’s chief economist. “The drop in rates creates yet another opportunity for those who have not refinanced to take a look at the possibility.”

As of April 8, Mortgage News Daily listed the average 30-year rate at 3.30 percent, the 15-year rate at 2.75 percent, and the 5-year ARM at 2.67 percent.

Bankrate listed going rates for 30-year fixed at 3.21 percent, 15-year fixed at 2.48 percent, and 5-year ARM at 3.07 percent.

Week of April 1, 2021

Mortgage rates held steady this week, breaking a streak of six consecutive weeks of rate increases.

2/4 2/11 2/18 2/25 3/4 3/11 3/18 3/25 4/1 2.73% 2.21% 2.78% 2.73% 2.19% 2.79% 2.81% 2.21% 2.77% 2.97% 2.34% 2.99% 3.02% 2.34% 2.73% 3.05% 2.38% 2.77% 3.09% 2.4% 2.79% 3.17% 2.45% 2.84% 3.18% 2.45% 2.84%
30-Year Fixed

According to the latest Freddie Mac Primary Mortgage Market, the 30-year fixed rate averaged 3.18 percent for the week ending April 1. That was just one basis point higher than the 3.17 percent average the week before. The 30-year rate averaged 3.33 percent a year ago.

15-Year Fixed

The average rate on a 15-year fixed mortgage remained unchanged at 2.45 percent this week. Last year’s 15-year rate averaged 2.82 percent.

5/1 ARM

The average rate on a 5-year adjustable-rate mortgage was also unchanged for the week at 2.84 percent. A year ago at this time, the 5-year ARM averaged 3.40 percent.

“Although mortgage rates remain low, we are beginning to see a pullback by those looking to enter the housing market,” said Sam Khater, Freddie Mac’s chief economist. “In fact, homebuyer demand has gone from 25 percent above pre-COVID levels at the start of the year, when mortgage rates hit record lows, to 8 percent above pre-COVID levels today.”

As of March 18, Mortgage News Daily listed the average 30-year rate at 3.39 percent, the 15-year rate at 2.83 percent, and the 5-year ARM at 2.72 percent.

Bankrate listed going rates for 30-year fixed at 3.27 percent, 15-year fixed at 2.51 percent, and 5-year ARM at 3.08 percent.

Week of March 25, 2021

Mortgage rates jumped higher for the six consecutive week and are now half a percentage point higher than historic lows set in January.

1/28 2/4 2/11 2/18 2/25 3/4 3/11 3/18 3/25 2.73% 2.2% 2.8% 2.73% 2.21% 2.78% 2.73% 2.19% 2.79% 2.81% 2.21% 2.77% 2.97% 2.34% 2.99% 3.02% 2.34% 2.73% 3.05% 2.38% 2.77% 3.09% 2.4% 2.79% 3.17% 2.45% 2.84%
30-Year Fixed

According to the latest Freddie Mac Primary Mortgage Market Survey, the average rate for a 30-year fixed mortgage was 3.17 percent for the week ending March 25. The average was 3.09 percent the week before and it was 3.50 percent at this point last year.

15-Year Fixed

The typical rate for a 15-year fixed-rate mortgage also increased, from 2.40 percent to 2.45 percent this week. Last year, the average 15-year fixed rate was 2.92 percent.

5/1 ARM

The average rate on a 5-year adjustable-rate mortgage rose from 2.79 percent to 2.84 percent this week. A year ago at this time, it averaged 3.34 percent.

“Since January, mortgage rates have increased half a percentage point from historic lows and home prices have risen, leaving potential homebuyers with less purchasing power,” said Sam Khater, Freddie Mac’s chief economist.

As of March 18, Mortgage News Daily listed the average 30-year rate at 3.31 percent, the 15-year rate at 2.78 percent, and the 5-year ARM at 2.72 percent.

Bankrate listed going rates for 30-year fixed at 3.23 percent, 15-year fixed at 2.47 percent, and 5-year ARM at 3.14 percent.

Week of March 18, 2021

Mortgage rates inched upward for the fifth consecutive week as the average 30-year fixed-rate reached its highest mark since June 2020.

1/14 1/28 2/4 2/11 2/18 2/25 3/4 3/11 3/18 2.79% 2.23% 3.12% 2.73% 2.2% 2.8% 2.73% 2.21% 2.78% 2.73% 2.19% 2.79% 2.81% 2.21% 2.77% 2.97% 2.34% 2.99% 3.02% 2.34% 2.73% 3.05% 2.38% 2.77% 3.09% 2.4% 2.79%
30-Year Fixed

According to the latest Freddie Mac Primary Mortgage Market Survey, 30-year rates averaged 3.09 percent for the week ending March 18. That was up from 3.05 percent the week before. Last year, the 30-year rate averaged 3.65 percent.

15-Year Fixed

The average rate for a 15-year fixed mortgage inched up from 2.38 percent to 2.40 percent this week. Last year’s average 15-year rate was 3.06 rate.

5/1 ARM

The rate on a 5-year adjustable-rate mortgage averaged 2.79 percent this week. That was up slightly from 2.77 percent the week before. A year ago at this time, the 5-year ARM averaged 3.11 percent.

“As expected, mortgage rates continued to inch up but are still hovering around three percent, keeping interested buyers in the market,” said Sam Khater, Freddie Mac’s chief economist. “However, residential construction has declined for two consecutive months and given the very low inventory environment, competition among potential homebuyers is a challenging reality, especially for first-time homebuyers.”

As of March 18, Mortgage News Daily listed the average 30-year rate at 3.45 percent, the 15-year rate at 2.88 percent, and the 5-year ARM at 2.75 percent.

Bankrate listed going rates for 30-year fixed at 3.25 percent, 15-year fixed at 2.48 percent, and 5-year ARM at 3.12 percent.

Week of March 11, 2021

Rates on 30-year fixed mortgages rose for the fourth consecutive week, according to the latest Freddie Mac Primary Mortgage Market Survey.

1/7 1/14 1/28 2/4 2/11 2/18 2/25 3/4 3/11 2.65% 2.16% 2.75% 2.79% 2.23% 3.12% 2.73% 2.2% 2.8% 2.73% 2.21% 2.78% 2.73% 2.19% 2.79% 2.81% 2.21% 2.77% 2.97% 2.34% 2.99% 3.02% 2.34% 2.73% 3.05% 2.38% 2.77%
30-Year Fixed

For the week ending March 11, the average 30-year fixed rate was 3.05 percent. That was up from 3.02 percent the week before. A month ago, 30-year rates were averaging 2.73 percent.

15-Year Fixed

The average rate on a 15-year fixed mortgage was 2.38 percent during the week. That was an increase from 2.34 percent the week before. Fifteen-year rates have climbed from an average of 2.19 percent in the past month.

5/1 ARM

A 5-year adjustable-rate mortgage carried an average rate of 2.77 percent in the past week. It was 2.73 percent the week before. A year ago at this time, the 5-year ARM averaged 3.01 percent.

“As the economy improves given labor market optimism, continued vaccination roll-out and additional stimulus pending, mortgage interest rates increased this week,” said Sam Khater, Freddie Mac’s chief economist.

“But even as rates rise modestly, the housing market remains healthy on the cusp of spring homebuying season. Homebuyer demand is strong and, for homeowners who have not refinanced but are looking to do so, they have not yet lost the opportunity.”

As of March 12, Mortgage News Daily listed the average 30-year rate at 3.32 percent, the 15-year rate at 2.68 percent, and the 5-year ARM at 2.65 percent.

Bankrate listed going rates for 30-year fixed at 3.23 percent, 15-year fixed at 2.49 percent, and 5-year ARM at 3.08 percent.

Week of March 4, 2021

The weekly movement on mortgage rates was mixed this week, with the 30-year fixed rate averaging more than 3 percent after several weeks below that threshold.

12/31 1/7 1/14 1/28 2/4 2/11 2/18 2/25 3/4 2.67% 2.17% 2.71% 2.65% 2.16% 2.75% 2.79% 2.23% 3.12% 2.73% 2.2% 2.8% 2.73% 2.21% 2.78% 2.73% 2.19% 2.79% 2.81% 2.21% 2.77% 2.97% 2.34% 2.99% 3.02% 2.34% 2.73%
30-Year Fixed

According to the latest Freddie Mac Primary Mortgage Market Survey, the average 30-year fixed rate for the week ending March 4 was 3.02 percent. It was 2.97 percent the week before and 3.29 percent a year ago.

15-Year Fixed

The average rate on a 15-year fixed mortgage remained unchanged at 2.34 percent. It was at 2.79 percent last year at this time.

5/1 ARM

The average rate on a 5-year adjustable-rate mortgage dropped sharply from 2.99 percent to 2.73 percent. A year ago at this time, the 5-year ARM averaged 3.18 percent.

“Since reaching a low point in January, mortgage rates have risen by more than 30 basis points, and the impact on purchase demand has been noticeable,” said Sam Khater, Freddie Mac’s chief economist.

“While purchase activity remains high, it has cooled off over the last few weeks and is currently on par with early March, prior to the pandemic. However, the rise in mortgage rates over the next couple of months is likely to be more muted in comparison to the last few weeks, and we expect a strong spring sales season.”

As of March 4 Mortgage News Daily listed the average 30-year rate at 3.22 percent, the 15-year rate at 2.57 percent, and the 5-year ARM at 2.49 percent.

Bankrate listed going rates for 30-year fixed at 3.18 percent, 15-year fixed at 2.5 percent, and 5-year ARM at 3.01 percent.

Week of February 25, 2021

Mortgage rates rose across the board last week, according to the latest Freddie Mac Primary Mortgage Survey.

12/24 12/31 1/7 1/14 1/28 2/4 2/11 2/18 2/25 2.66% 2.19% 2.79% 2.67% 2.17% 2.71% 2.65% 2.16% 2.75% 2.79% 2.23% 3.12% 2.73% 2.2% 2.8% 2.73% 2.21% 2.78% 2.73% 2.19% 2.79% 2.81% 2.21% 2.77% 2.97% 2.34% 2.99%
30-Year Fixed

For the week ending February 25, the average rate on a 30-year fixed mortgage was 2.97 percent. That was up from 2.81 percent the week before. A year ago, the average 30-year fixed rate was 3.45 percent.

15-Year Fixed

A 15-year fixed mortgage carried an average rate of 2.34 percent last week, up from 2.21 percent the previous week. Last year, the average was 2.95 percent.

5/1 ARM

The average rate for a 5-year adjustable-rate mortgage was 2.99 percent, a considerable increase from the 2.77 percent average the week before. A year ago at this time, the average rate on a 5-year ARM was 3.20 percent.

“Optimism continues as the economy slowly regains its footing, thus affecting mortgage rates,” said Sam Khater, Freddie Mac’s chief economist. “Though rates continue to rise, they remain near historic lows. However, when combined with demand-fueled rising home prices and low inventory, these rising rates limit how competitive a potential homebuyer can be and how much house they are able to purchase.”

As of March 1 Mortgage News Daily listed the average 30-year rate at 3.22 percent, the 15-year rate at 2.58 percent, and the 5-year ARM at 2.44 percent.

Bankrate listed going rates for 30-year fixed at 3.25 percent, 15-year fixed at 2.53 percent, and 5-year ARM at 3 percent.

Week of February 18, 2021

Average rates on a 30-year fixed mortgage rose this week to their highest level since mid-November.

12/17 12/24 12/31 1/7 1/14 1/28 2/4 2/11 2/18 2.67% 2.21% 2.79% 2.66% 2.19% 2.79% 2.67% 2.17% 2.71% 2.65% 2.16% 2.75% 2.79% 2.23% 3.12% 2.73% 2.2% 2.8% 2.73% 2.21% 2.78% 2.73% 2.19% 2.79% 2.81% 2.21% 2.77%
30-Year Fixed

According to the latest Freddie Mac Primary Mortgage Market Survey, the average 30-year fixed rate was 2.81 percent for the week ending February 18. A week ago, the average 30-year rate was 2.73 percent. A year ago it was 3.49 percent.

15-Year Fixed

The 5-year adjustable-rate mortgage market carried an average rate of 2.77 percent this week, down from 2.79 percent the week before. The average was 3.25 percent last year.

5/1 ARM

The average rate for a 5-year adjustable-rate mortgage rose a single basis point to 2.79 percent. The average was 3.28 percent a year ago.

“Economic spending has improved, due to the most recent stimulus, but supply chain shortages are causing downstream inflation, leading to higher mortgage rates,” said Sam Khater, Freddie Mac’s chief economist. “While there are multiple temporary factors driving up rates, the underlying economic fundamentals point to rates remaining in the low 3 percent range for the year.”

As of February 18, Mortgage News Daily listed the average 30-year rate at 3.01 percent, the 15-year rate at 2.42 percent, and the 5-year ARM at 2.26 percent.

Bankrate listed going rates for 30-year fixed at 2.96 percent, 15-year fixed at 2.40 percent, and 5-year ARM at 2.94 percent.

Week of February 11, 2021

Key mortgage rates held steady for the second straight week, Freddie Mac reported in its weekly survey.

12/10 12/17 12/24 12/31 1/7 1/14 1/28 2/4 2/11 2.71% 2.26% 2.79% 2.67% 2.21% 2.79% 2.66% 2.19% 2.79% 2.67% 2.17% 2.71% 2.65% 2.16% 2.75% 2.79% 2.23% 3.12% 2.73% 2.2% 2.8% 2.73% 2.21% 2.78% 2.73% 2.19% 2.79%
30-Year Fixed

For the week ending February 11, the average 30-year fixed-rate was 2.73 percent, the same as the week before. A year ago at this time, the average 30-year rate was 3.47 percent.

15-Year Fixed

The going rate for a 15-year fixed-rate mortgage was 2.19 percent this week. That was down two basis points from the 2.21 percent average rate the week before. Last year, the average 15-year rate was 2.97 percent.

5/1 ARM

The average rate for a 5-year adjustable-rate mortgage rose a single basis point to 2.79 percent. The average was 3.28 percent a year ago.

“It’s a tale of two economies. The services economy remains in the doldrums, but the production side of the economy remains strong,” said Sam Khater, Freddie Mac’s chief economist.

“New COVID-19 cases are receding, which is encouraging and that has led to a rise in Treasury rates. But, the run-up in Treasury rates has not impacted mortgage rates yet, which have held firm. The residential real estate market remains solid given healthy purchase demand while implied real-time home price growth is high, due to the inventory shortage that is plaguing the housing market.”

As of February 11, Mortgage News Daily listed the average 30-year rate at 2.83 percent, the 15-year rate at 2.37 percent, and the 5-year ARM at 2.25 percent.

Bankrate listed going rates for 30-year fixed at 2.82 percent, 15-year fixed at 2.33 percent, and the 5-year ARM at 2.95 percent.

Week of February 4, 2021

Mortgage rates remained flat this week compared with the previous week, according to the latest Freddie Mac Primary Mortgage Market Survey.

12/3 12/10 12/17 12/24 12/31 1/7 1/14 1/28 2/4 2.71% 2.26% 2.86% 2.71% 2.26% 2.79% 2.67% 2.21% 2.79% 2.66% 2.19% 2.79% 2.67% 2.17% 2.71% 2.65% 2.16% 2.75% 2.79% 2.23% 3.12% 2.73% 2.2% 2.8% 2.73% 2.21% 2.78%
30-Year Fixed

For the week ending February 4, the 30-year fixed-rate mortgage averaged 2.73 percent, the same as the week before. It averaged 3.45 percent a year ago.

15-Year Fixed

The average rate on a 15-year fixed mortgage rose a single basis point this week from 2.20 to 2.21 percent. Last year’s average 15-year fixed rate was 2.97 percent.

5/1 ARM

The average rate on a 5-year adjustable-rate mortgage was 2.78 percent this week. That was down from 2.80 percent the week before. A year ago at this time, the 5-year ARM averaged 3.32 percent.

“This rate environment is advantageous for those who are looking to refinance in order to strengthen their financial position,” said Sam Khater, Freddie Mac’s chief economist. “While many have already refinanced, the evidence suggests that upper-income homeowners have taken advantage of the opportunity more so than lower-income homeowners who could stand to benefit the most by lowering their monthly mortgage payment.”

As of February 4, Mortgage News Daily listed the average 30-year rate at 2.84 percent, the 15-year rate at 2.32 percent, and the 5-year ARM at 2.25 percent.

Bankrate listed going rates for 30-year fixed at 2.84 percent, 15-year fixed at 2.33 percent, and the 5-year ARM at 2.99 percent.

Week of January 28, 2021

Mortgage rates fell slightly this week according to the latest Freddie Mac Primary Mortgage Survey.

11/26 12/3 12/10 12/17 12/24 12/31 1/7 1/14 1/28 2.72% 2.28% 3.16% 2.71% 2.26% 2.86% 2.71% 2.26% 2.79% 2.67% 2.21% 2.79% 2.66% 2.19% 2.79% 2.67% 2.17% 2.71% 2.65% 2.16% 2.75% 2.79% 2.23% 3.12% 2.73% 2.2% 2.8%
30-Year Fixed

For the week ending January 28, the average rate on a 30-year fixed mortgage was 2.73 percent. That was down from 2.77 percent the week before. A year ago, the average 30-year rate was 3.51 percent.

15-Year Fixed

The average on a 15-year fixed mortgage dropped a single basis point, from 2.21 percent to 2.20 percent. Last year’s average 15-year rate was 3 percent.

5/1 ARM

The 5-year adjustable-rate mortgage rate averaged 2.80 percent this week, unchanged from the previous week. At this time last year, the 5-year ARM rate averaged 3.24 percent.

“As the market reacts to a new administration in Washington and COVID-19 driven economic malaise, mortgage rates continued to decrease this week, just slightly,” said Sam Khater, Freddie Mac’s chief economist.

“Even as house prices increase at the fastest rate we’ve seen in years, competition to buy is strong given the low inventory that exists across the country. The fact that there are not enough homes to meet demand is going to be an ongoing issue for the foreseeable future.”

As of January 28, Mortgage News Daily listed the average 30-year rate at 2.76 percent, the 15-year rate at 2.26 percent, and the 5-year ARM at 2.22 percent.

Bankrate listed going rates for 30-year fixed at 2.86 percent, 15-year fixed at 2.36 percent, and the 5-year ARM at 2.99 percent.

Week of January 14, 2021

A week after sinking to an all-time low, mortgage rates rose this week, according to the latest Freddie Mac Primary Mortgage Survey.

11/19 11/26 12/3 12/10 12/17 12/24 12/31 1/7 1/14 2.72% 2.28% 2.85% 2.72% 2.28% 3.16% 2.71% 2.26% 2.86% 2.71% 2.26% 2.79% 2.67% 2.21% 2.79% 2.66% 2.19% 2.79% 2.67% 2.17% 2.71% 2.65% 2.16% 2.75% 2.79% 2.23% 3.12%
30-Year Fixed

For the week ending January 14, the average 30-year fixed mortgage rate was 2.79 percent. That was up sharply from 2.65 percent the week before. Last year, the average 30-year rate was 3.65 percent.

15-Year Fixed

The 15-year fixed mortgage rate averaged 2.23 percent for the week, an increase from 2.16 percent the week before. A year ago at this time, the going rate for a 15-year fixed mortgage was 3.09 percent.

5/1 ARM

The average rate on a 5-year adjustable-rate mortgage was 3.12 percent. It was 2.75 percent the week before and 3.39 percent at this time last year.

“As Treasury yields have risen, it is putting pressure on mortgage rates to move up,” said Sam Khater, Freddie Mac’s chief economist. “While mortgage rates are expected to increase modestly in 2021, they will remain inarguably low, supporting homebuyer demand and leading to continued refinance activity. Borrowers are smart to take advantage of these low rates now and will certainly benefit as a result.”

As of January 14, Mortgage News Daily listed the average 30-year rate at 2.88 percent, the 15-year rate at 2.38 percent, and the 5-year ARM at 2.31 percent.

Bankrate listed going rates for 30-year fixed at 2.91 percent, 15-year fixed at 2.34 percent, and the 5-year ARM at 2.89 percent.

Week of January 7, 2021

The average 30-year fixed mortgage rate began 2021 by setting a new record low.

11/12 11/19 11/26 12/3 12/10 12/17 12/24 12/31 1/7 2.84% 2.34% 3.11% 2.72% 2.28% 2.85% 2.72% 2.28% 3.16% 2.71% 2.26% 2.86% 2.71% 2.26% 2.79% 2.67% 2.21% 2.79% 2.66% 2.19% 2.79% 2.67% 2.17% 2.71% 2.65% 2.16% 2.75%
30-Year Fixed

According to the latest Freddie Mac Primary Mortgage Market Survey, the 30-year rate averaged 2.65 percent during the week ending January 7, 2021. That’s the lowest rate in the survey’s history dating to 1971 and down two basis points from the week before, when it averaged 2.67 percent. A year ago at this time, the average 30-year fixed rate was 3.64 percent.

15-Year Fixed

The average 15-year fixed mortgage rate fell slightly from 2.17 percent to 2.16 percent this week. Last year’s 15-year rate was 3.07 percent.

5/1 ARM

The average rate on a 5-year adjustable-rate mortgage rose to 2.75 percent from 2.71 percent the week before. It averaged 3.30 percent a year ago.

“A new year, a new record low mortgage rate,” said Sam Khater, Freddie Mac’s chief economist. “Despite a full percentage point decline in rates over the past year, housing affordability has decreased because these low rates have been offset by rising home prices. However, the forces behind the drop in rates have been shifting over the last few months and rates are poised to rise modestly this year. The combination of rising mortgage rates and increasing home prices will accelerate the decline in affordability and further squeeze potential homebuyers during the spring home sales season.”

As of January 7, Mortgage News Daily listed the average 30-year rate at 2.86 percent, the 15-year rate at 2.39 percent, and the 5-year ARM at 2.39 percent.

Bankrate listed going rates for 30-year fixed at 2.89 percent, 15-year fixed at 2.34 percent, and the 5-year ARM at 2.95 percent.

Week of December 31, 2020

Fixed mortgage rates ended the year a full percentage point lower than they averaged at the end of 2019.

11/5 11/12 11/19 11/26 12/3 12/10 12/17 12/24 12/31 2.78% 2.32% 2.89% 2.84% 2.34% 3.11% 2.72% 2.28% 2.85% 2.72% 2.28% 3.16% 2.71% 2.26% 2.86% 2.71% 2.26% 2.79% 2.67% 2.21% 2.79% 2.66% 2.19% 2.79% 2.67% 2.17% 2.71%
30-Year Fixed

According to the latest Freddie Mac Primary Mortgage Market Survey, the average 30-year fixed-rate rose by a single basis point for the week ending December 31 to 2.67 percent. The average was a record low 2.66 percent the week before and 3.72 percent a year ago.

15-Year Fixed

The average rate on a 15-year fixed mortgage dropped from 2.19 percent to 2.17 percent this week. A year ago at this time, a 15-year mortgage carried an average rate of 3.16 percent.

5/1 ARM

The average rate on a 5-year adjustable-rate mortgage fell from 2.79 percent to 2.71 percent. Last year’s end-of-year average rate on a 5-year ARM was 3.46 percent.

“All eyes have been on mortgage rates this year, especially the 30-year fixed-rate, which has dropped more than one percentage point over the last twelve months, driving housing market activity in 2020,” said Sam Khater, Freddie Mac’s chief economist. “Heading into 2021 we expect rates to remain flat, potentially rising modestly off their record low, but solid purchase demand and tight inventory will continue to put pressure on housing markets as well as house price growth.”

As of December 31, Mortgage News Daily listed the average 30-year rate at 2.77 percent, the 15-year rate at 2.32 percent, and the 5-year ARM at 2.32 percent.

Bankrate listed going rates for 30-year fixed at 2.88 percent, 15-year fixed at 2.38 percent, and the 5-year ARM at 3.01 percent.

Week of December 24, 2020

Mortgage rates fell to another all-time low heading into Christmas weekend. The Freddie Mac Primary Mortgage Market Survey reported the average 30-year fixed-rate dropped a single basis point for the week ending December 24.

10/29 11/5 11/12 11/19 11/26 12/3 12/10 12/17 12/24 2.81% 2.32% 2.88% 2.78% 2.32% 2.89% 2.84% 2.34% 3.11% 2.72% 2.28% 2.85% 2.72% 2.28% 3.16% 2.71% 2.26% 2.86% 2.71% 2.26% 2.79% 2.67% 2.21% 2.79% 2.66% 2.19% 2.79%
30-Year Fixed

This week’s average 30-year rate of 2.66 percent established an all-time survey low, dating to 1971, that was previously set the week before at 2.67 percent.A year ago, the average 30-year fixed rate was more than a full percentage point higher at 3.74 percent.

15-Year Fixed

The average rate on a 15-year fixed mortgage also fell this week, from 2.21 percent to 2.19 percent. Last year’s average 15-year rate was 3.19 percent.

5/1 ARM

The 5-year adjustable-rate mortgage rate averaged 2.79 percent this week, unchanged from the week before. A year ago at this time, the 5-year ARM averaged 3.45 percent.

“The housing market is poised to finish the year strong as low mortgage rates continue to fuel homebuyer demand and refinance activity,” said Sam Khater, Freddie Mac’s chief economist. “Moving into 2021, we expect rates to hold steady but the key driver in the near term will be the trajectory of the COVID-19 pandemic and the execution of the vaccine.”

As of December 24, Mortgage News Daily listed the average 30-year rate at 2.79 percent, the 15-year rate at 2.33 percent, and the 5-year ARM at 2.28 percent.

Bankrate listed going rates for 30-year fixed at 2.92 percent, 15-year fixed at 2.38 percent, and the 5-year ARM at 3.06 percent.

Week of December 17, 2020

Mortgage rates dropped this week to a record low: Freddie Mac released its latest Primary Mortgage Market Survey showing the lowest 30-year fixed mortgage rate in the survey’s history dating to 1971

10/22 10/29 11/5 11/12 11/19 11/26 12/3 12/10 12/17 2.8% 2.33% 2.87% 2.81% 2.32% 2.88% 2.78% 2.32% 2.89% 2.84% 2.34% 3.11% 2.72% 2.28% 2.85% 2.72% 2.28% 3.16% 2.71% 2.26% 2.86% 2.71% 2.26% 2.79% 2.67% 2.21% 2.79%
30-Year Fixed