Mortgage Rates Back Under 4 Percent for First Time Since Election

Mortgage rates moved back under 4 percent for the first time since the presidential election, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The average 15-year and 30-year fixed mortgage rates both toppled 11 basis points, with the 15-year at 3.23 percent and the 30-year at 3.97 percent. The average 5-year, Treasury-indexed hybrid adjustable mortgage rate is 3.10 percent.
“The 30-year mortgage rate fell 11 basis points this week to 3.97