Mortgage Market Survey: 3/12/15

Following a slight one-week dip, mortgage rates continued to climb over the past week, with the rate for a conforming 30-year mortgage now averaging 3.86 percent, up 27 basis points over the past five weeks.

At this time last year, the 30-year rate averaged 4.37 percent.

The 30-year rate, which hit all-time low of 3.31 percent in November 2012 and a three-year high of 4.58 percent in August 2013, has averaged roughly 6.7 percent over the past twenty years.

Mortgage Market Survey History

One thought on “Mortgage Rates Resume Their Climb”
  1. Thank you. 🙂

    Agree its an interesting trend. Not sure how it moves the needle on home prices given that it continues to float under 5% I think if we got to 4.75 people would take a real hard look but fed seems to be influencing rates lower when they can do so.

Leave a Reply

Your email address will not be published. Required fields are marked *