Mortgage rates continued to trend lower, following declining Treasury yields. The 30-year fixed-rate mortgage “FRM” averaged 3.79% for the week ending October 22, down from last week when it averaged 3.82%. In 2014, the 30-year FRM averaged 3.92%. The 15 year FRM averaged 2.98% while averaging 3.03% last week. A year ago at this time, the 15-year FRM averaged 3.08%.
(Source: Housing Wire)