Mortgage Rates are remaining low across the country. Let’s give you the average rates according to Freddie Mac.
Rates for the Southwest :
30-year fixed-rate mortgage – averaged 6.12%
15-year fixed-rate mortgage – averaged 5.85%
5-year Treasury-Indexed Hybrid adjustable-rate mortgage – averaged 5.89%
1-year Treasury-Indexed adjustable-rate mortgage – 5.47%
Rates for the Overall US:
30-year fixed-rate mortgage – averaged 6.17%
15-year fixed-rate mortgage – averaged 5.87%
5-year Treasury-Indexed Hybrid adjustable-rate mortgage – averaged 5.92%
1-year Treasury-Indexed adjustable-rate mortgage – 5.44%
Frank Nothaft, vice president and chief economist, of Freddie Mac said, “Mortgage rates have remained within a narrow band of 0.1 percentage points over every week in March and that the relative stability is due to mixed economic data releases as to how strong the economy is and whether future inflation will recede.”
