Freddie Mac Weekly PMMS – 30 Year Rates Average 3.85%

Freddie Mac's Primary Mortgage Market Survey week ending October 1, 2015:

  • 30-year FRM 3.85 percent with an average 0.6 point, down from last week's average of 3.86 percent.

  • 15-year FRM 3.07 percent with an average 0.7 point, down from last week's average of 3.08 percent.

  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.91 percent with an average 0.4 point, unchanged from last week.

  • 1-year Treasury-indexed ARM averaged 2.53 percent with an average 0.2 point, unchanged from last week.

Following quote is from Sean Becketti, chief economist, Freddie Mac

In contrast to the volatility in equity markets, the 10-year Treasury rate—a key driver of mortgage rates—varied just a little more than 10 basis points over the last week. As a result, the 30-year mortgage rate remained virtually unchanged, dropping 1 basis point to 3.85 percent. This marks the tenth consecutive week of a sub-4-percent mortgage rate. Despite persistently low mortgage rates, the pending home sales index dropped 1.4 percent in August, suggesting possible tempering in existing home sales in September.

Loan Term
Show Advertiser Disclosure
Lender
APR / Rate
Fees / Points
Payment
Pure Rate Mortgage
NMLS #2578474
5.666%
15-Year Fixed
5.500%
$4,334
Includes 0.821 points for $3,284
Lender Fees: $1,050
$3,269 /mo
Next >
Loan Pronto
NMLS #1661781
5.760%
15-Year Fixed
5.625%
$3,673
Includes 0.625 points for $2,500
Lender Fees: $1,173
$3,295 /mo
Next >
Bison State Bank
NMLS #757416
5.868%
15-Year Fixed
5.750%
$3,060
Includes 0.765 points for $3,060
Lender Fees: $0
$3,322 /mo
Next >
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.886%
15-Year Fixed
5.750%
$3,512
Includes 0.703 points for $2,812
Lender Fees: $700
$3,322 /mo
Next >
Allied Mortgage Group, Inc.
NMLS #1067
5.891%
15-Year Fixed
5.750%
$3,652
Includes 0.913 points for $3,652
Lender Fees: $0
$3,322 /mo
Next >
Rocket Mortgage
NMLS #3030
6.532%
15-Year Fixed
6.375%
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$3,458 /mo
Next >
Pure Rate Mortgage
NMLS #2578474
6.616%
30-Year Fixed
6.500%
$4,850
Includes 0.950 points for $3,800
Lender Fees: $1,050
$2,529 /mo
Next >
Loan Pronto
NMLS #1661781
6.620%
30-Year Fixed
6.500%
$5,173
Includes 1.000 points for $4,000
Lender Fees: $1,173
$2,529 /mo
Next >
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.735%
30-Year Fixed
6.625%
$4,564
Includes 0.966 points for $3,864
Lender Fees: $700
$2,562 /mo
Next >
Bison State Bank
NMLS #757416
6.822%
30-Year Fixed
6.750%
$2,968
Includes 0.742 points for $2,968
Lender Fees: $0
$2,595 /mo
Next >
Allied Mortgage Group, Inc.
NMLS #1067
6.838%
30-Year Fixed
6.750%
$3,620
Includes 0.905 points for $3,620
Lender Fees: $0
$2,595 /mo
Next >
Loan Pronto
NMLS #1661781
7.244%
5-Year ARM
7.125%
$4,977
Includes 0.951 points for $3,804
Lender Fees: $1,173
$2,695 /mo
Next >
Rocket Mortgage
NMLS #3030
7.338%
30-Year Fixed
7.250%
$3,500
Includes 0.875 points for $3,500
Lender Fees: $0
$2,729 /mo
Next >
Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details.
 
Author: Brian McKay
October 1st, 2015

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