“Mortgage rates are down following an increase of more than half a percent over five consecutive weeks,” said
News Facts
- 30-year fixed-rate mortgage averaged 6.60 percent as of
March 16, 2023 , down from last week when it averaged 6.73 percent. A year ago at this time, the 30-year FRM averaged 4.16 percent. - 15-year fixed-rate mortgage averaged 5.90 percent, down from last week when it averaged 5.95 percent. A year ago at this time, the 15-year FRM averaged 3.39 percent.
The PMMS® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20 percent down and have excellent credit. For more information, view our Frequently Asked Questions.
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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4cd1869b-c17e-42ac-9840-deb83a372b12
Primary Mortgage Market Survey®
U.S. weekly average mortgage rates as of 3/16/2023
2023 GlobeNewswire, Inc., source