Mortgage rates dropped for the third consecutive week to just above 2017’s low. The 30-year fixed-rate mortgage dropped to 4.10% for the week ending April 6, 2017.
This is down from last week’s 4.14% but still up from last year’s 3.59%. Similarly, the 15-year FRM also dropped to 3.36%, down from last week’s 3.39% but still up from last year’s 2.88%.
The five-year Treasury-indexed hybrid adjustable-rate mortgage increased slightly to 3.19%. This is up from last week’s 3.18% and from last year’s 2.82%.
Source: Housing Wire