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
District Lending
NMLS #1835285
4.846%
15-Year Fixed
4.625%
$5,912
Includes 0.978 points for $3,912
Lender Fees: $2,000
$3,086 /mo
Next >
Nation Home Loans
NMLS #1513908
5.201%
15-Year Fixed
4.990%
$5,822
Includes 0.879 points for $3,516
Lender Fees: $2,306
$3,162 /mo
Next >
Equity Capital Home Loans
NMLS #1689962
License: 02053435
5.391%
15-Year Fixed
5.250%
$3,708
Includes 0.927 points for $3,708
Lender Fees: $0
$3,216 /mo
Next >
Pure Rate Mortgage
NMLS #2578474
5.393%
15-Year Fixed
5.250%
$3,750
Includes 0.675 points for $2,700
Lender Fees: $1,050
$3,216 /mo
Next >
PenFed Credit Union
NMLS #401822
5.409%
15-Year Fixed
5.125%
$7,500
Includes 0.875 points for $3,500
Lender Fees: $4,000
$3,190 /mo
Next >
GenNext.Mortgage
NMLS #2326098
License: 60DBO-181478
5.436%
15-Year Fixed
5.250%
$5,077
Includes 0.781 points for $3,124
Lender Fees: $1,953
$3,216 /mo
Next >
Truss Financial Group
NMLS #2006915
License: 60DBO-149268
5.457%
15-Year Fixed
5.250%
$5,445
Includes 0.875 points for $3,500
Lender Fees: $1,945
$3,216 /mo
Next >
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.632%
15-Year Fixed
5.490%
$3,712
Includes 0.753 points for $3,012
Lender Fees: $700
$3,267 /mo
Next >
District Lending
NMLS #1835285
5.864%
30-Year Fixed
5.750%
$5,000
Includes 0.750 points for $3,000
Lender Fees: $2,000
$2,335 /mo
Next >
District Lending
NMLS #1835285
6.007%
5-Year ARM
5.875%
$5,696
Includes 0.924 points for $3,696
Lender Fees: $2,000
$2,367 /mo
Next >
Nation Home Loans
NMLS #1513908
6.105%
30-Year Fixed
5.990%
$5,186
Includes 0.720 points for $2,880
Lender Fees: $2,306
$2,396 /mo
Next >
Array
6.201%
30-Year Fixed
6.125%
$3,228
Includes 0.625 points for $2,500
Lender Fees: $728
$2,431 /mo
Next >
Pure Rate Mortgage
NMLS #2578474
6.236%
30-Year Fixed
6.125%
$4,750
Includes 0.925 points for $3,700
Lender Fees: $1,050
$2,431 /mo
Next >
GenNext.Mortgage
NMLS #2326098
License: 60DBO-181478
6.249%
30-Year Fixed
6.125%
$5,469
Includes 0.879 points for $3,516
Lender Fees: $1,953
$2,431 /mo
Next >
PenFed Credit Union
NMLS #401822
6.265%
30-Year Fixed
6.125%
$5,995
Includes 1.000 points for $4,000
Lender Fees: $1,995
$2,431 /mo
Next >
Equity Capital Home Loans
NMLS #1689962
License: 02053435
6.319%
30-Year Fixed
6.250%
$2,908
Includes 0.727 points for $2,908
Lender Fees: $0
$2,463 /mo
Next >
Truss Financial Group
NMLS #2006915
License: 60DBO-149268
6.355%
30-Year Fixed
6.250%
$4,445
Includes 0.625 points for $2,500
Lender Fees: $1,945
$2,463 /mo
Next >
Rocket Mortgage
NMLS #3030
6.368%
15-Year Fixed
6.250%
$3,000
Includes 0.750 points for $3,000
Lender Fees: $0
$3,430 /mo
Next >
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.461%
30-Year Fixed
6.375%
$3,608
Includes 0.727 points for $2,908
Lender Fees: $700
$2,496 /mo
Next >
GenNext.Mortgage
NMLS #2326098
License: 60DBO-181478
6.881%
5-Year ARM
6.750%
$5,581
Includes 0.907 points for $3,628
Lender Fees: $1,953
$2,595 /mo
Next >
Rocket Mortgage
NMLS #3030
6.973%
30-Year Fixed
6.875%
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$2,628 /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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