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Weekly Mortgage Rates Take a Downward
Turn
Graph: Average 30-year Fixed-Rate Mortgage since Jan.
2005
Average 30-year fixed-rate mortgage
- 02/22: 6.22%
- 02/15: 6.30%
- 02/08: 6.28%
- 02/01: 6.34%
- 01/25: 6.25%
- 01/18: 6.23%
- 01/11: 6.21%
- 01/04: 6.18%
- One Year Ago: 6.26%
Average 15-year fixed-rate mortgage
- 02/22: 5.97%
- 02/15: 6.03%
- 02/08: 6.02%
- 02/01: 6.06%
- 01/25: 5.98%
- 01/18: 5.98%
- 01/11: 5.96%
- 01/04: 5.94%
- One Year Ago: 5.89%
Average 5-year Treasury-indexed
hybrid ARM
- 02/22: 5.96%
- 02/15: 6.01%
- 02/08: 5.99%
- 02/01: 6.04%
- 01/25: 6.00%
- 01/18: 6.04%
- 01/11: 6.03%
- 01/04: 6.02%
- One Year Ago: 5.96%
Average One-year Treasury-indexed
ARM
- 02/22: 5.49%
- 02/15: 5.52%
- 02/08: 5.49%
- 02/01: 5.54%
- 01/25: 5.49%
- 01/18: 5.51%
- 01/11: 5.44%
- 01/04: 5.42%
- One Year Ago: 5.32%
"
Mortgage rates eased a little more this week, as
market participants were concerned over how much drag
the slowing housing market may have on economic growth," said
Frank Nothaft, Freddie Mac vice president and chief economist.
"For instance, last week's release of housing starts
for January showed the weakest reading since August 1997,
due to the abundance of homes already on the market to
purchase.
"Next week's releases of new and existing home
sales should offer a more complete gauge of the strength
of the housing industry. In addition, the second estimate
of economic growth in the fourth quarter of 2006 will
be released next week and should further provide insight
into what extent the housing market is affecting the
economy."
Source: Freddie Mac
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