On the heels of last weeks move up, rates were down slightly this week. The 30 Year Fixed Rate Mortgage was 2.77% in today’s Freddie Mac survey and the 15 Year Fixed Rate Mortgage was at 2.21%. Mortgage rates have been moving steadily down for two years straight and seem to now be trying to find a new range at these historically low rates for home loans.
Freddie Mac’s Weekly Survey was released this morning with its most recent assessment of the mortgage rate landscape. See the details of their survey below.
(dynamic chart with current info)