Freddie Mac said mortgage rates were unchanged this week, while another rate survey set new record lows.
The Freddie Mac weekly survey put the average for a 30-year fixed-rate mortgage at 4.37% with an average 0.7 point for the week ending Sept. 23, stable from last week’s slight increase. A year ago, the average rate was 5.04%.
Freddie said the 15-year FRM average also remain unchanged this week at 3.82% with an average 0.7 point — below last year’s average rate of 4.46%.
The weekly Bankrate survey of large banks and thrifts shows the average 30-year FRM at 4.5% with a 0.35 point, setting a new low in the 25-year-old survey and below 5.36% a year ago. The 15-year FRM was 3.96% with a 0.35 point, down from 4% last week and also at a record low. The 30-year, jumbo FRM averaged 5.17% last week with a 0.35 point, down from 5.19% last week.
*Source: Housing Wire: Mortgage surveys vary slightly, but weekly rates still at or near record lows