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

Comments from “Plugged-In” Readers

  1. Posted by eddy

    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.

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