Mortgage Rates Level Off

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Mortgage rates have leveled this week after their most recent rise to start 2021. The 30 Year Fixed Rate Mortgage was 3.18% in today’s Freddie Mac survey and the 15 Year Fixed Rate Mortgage was at 2.45%. After moving down steadily for two years, mortgage rates rose this quarter as yields on mortgage bonds and treasury securities shot higher. For perspective, rates still remain incredibly low on a historical basis and are only about half a percent higher than all-time lows.

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.

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