Rates moved down for the third week in a row, though the data was released before the employment report was issued. For the week ending April 6, Freddie Mac announced that 30-year fixed rates fell to 4.10% from 4.14% the week before. The average for 15-year loans decreased to 3.36%, and the average for five-year adjustables moved up slightly to 3.19%. A year ago, 30-year fixed rates averaged 3.59%.
Attributed to Sean Becketti, chief economist, Freddie Mac — “The 10-year Treasury yield was relatively unchanged this week, while 30-year fixed rates fell 4 basis points to 4.1 percent. After three straight weeks of declines, the 30-year fixed rate is now barely above the 2017 low. Next week’s survey rate may be determined by Friday’s employment report and whether or not it can sustain the strength from earlier this year.”
Note: Rates indicated do not include fees and points and are provided for evidence of trends only. They should not be used for comparison purposes.