US 30-Year Fixed Mortgage Rate Holds Steady in the Week Ending October 15
Original Source:
Mortgage Rates Hold Steady at 7.40%
Mortgage Rates Hold Steady at 7.40%
On Thursday, Freddie Mac released its Primary Mortgage Market Survey for the week ending Thursday, October 15.
The 30-year fixed-rate mortgage averaged 7.40%, unchanged from 7.40% the previous week. A year ago at this time, the 30-year rate averaged 6.27%.
The 15-year fixed-rate mortgage averaged 6.71%, down from 6.73% last week. A year ago at this time, the 15-year rate averaged 5.52%.
Commenting on this week’s survey, Freddie Mac Chief Economist Sam Khater said:
“The average 30-year fixed-rate mortgage remained unchanged this week.”
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