Rates ticked down in the past week, but trended higher towards the end of the survey period. For the week ending October 19, Freddie Mac announced that 30-year fixed rates fell to 3.88% from 3.91% the week before. The average for 15-year loans decreased as well, to 3.19%. The average for five-year adjustables moved up one tick to 3.17%, bucking the trend. A year ago, 30-year fixed rates averaged 3.52%. Attributed to Sean Becketti, chief economist, Freddie Mac — “Rates came down slightly this week, ending a brief, two-week streak of increases. The 10-year Treasury yield dipped 6 basis points, while 30-year fixed rates fell 3 basis points to 3.88 percent.” Note: Rates indicated do not include fees and points and are provided for evidence of trends only. They should not be used for comparison purposes.
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