Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
675,558+7,403
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
6.75%-0.01
MortgageMortgage Rates

Freddie Mac: Trade war triggers mortgage rate volatility

This week, the 30-year fixed-rate mortgage averaged 3.75%

This week, the average U.S. fixed rate for a 30-year mortgage rose to 3.75%. That’s 6 basis points above last week’s 3.69% but still more than a percentage point below the 4.86% of the year-earlier week, according to the Freddie Mac Primary Mortgage Market Survey.

The U.S.-China trade war is triggering interest rate volatility, said Sam Khater, Freddie Mac’s chief economist. Even with the uptick, demand from would-be borrowers remains high, he said.

“The outlook for a favorable resolution to the trade dispute between the U.S. and China is still unclear, introducing some volatility into financial markets and the benchmark 10- year Treasury yield,” said Sam Khater, Freddie Mac’s chief economist. “Mortgage rates are following suit at near historic lows, while mortgage applications to purchase a home remain higher year over year.”

The 15-year FRM averaged 3.18% this week, inching forward from last week’s 3.15%. This time last year, the 15-year FRM came in at 4.29%.

The five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.4%, increasing from last week’s rate. of 3.15% Nevertheless, the percentage is still below 2018’s rate of 4.14%.

The image below highlights this week’s changes:

Most Popular Articles

Latest Articles

Freddie Mac’s Donna Spencer on their Servicing Excellence initiative 

On today’s sponsored episode, Editor in Chief Sarah Wheeler talks with Donna Spencer, vice president of servicer relationship and performance management at Freddie Mac, to discuss their new Servicing Excellence initiative and the benefits for their partners. Related to this episode: Related to this episode: Servicing Excellence https://sf.freddiemac.com/articles/insights/servicing-excellence Forging a New Path: The Future of […]

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please