Rates End Four-Week Rise
Freddie Mac’s March 5 Primary Mortgage Market Survey showed that rates have moved lower for the first time in four weeks. The 30-year fixed-rate mortgage fell 5 basis points from last week’s 3.80 percent to 3.75 percent. In the first week of March 2014 the 30-year fixed averaged 4.28 percent.
The 15-year fixed-rate mortgage stood at 3.03 percent on March 5, down 4 basis points from Feb., 26, when it averaged 3.07 percent. A year ago at this time, the 15-year fixed averaged 3.32 percent.