Mortgage Rates Retreat After Two-Week Rise

Mortgage rates are retreating after two weeks of upward momentum, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The 30-year, fixed rate, on average, is 3.96 percent, down from 4.03 percent the week prior, and the 15-year, fixed rate, on average, is 3.23 percent, down from 3.29 percent the week prior. The 5-year, Treasury-indexed hybrid adjustable rate, on average, is 3.21 percent, down from 3.28 percent the week prior.
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