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Brian Walsh ABR BPO's Blog

By Brian Walsh Buyer's Agent | Agent in South of Broad, Char...

For Third Week, Mortgage Rates Sink Lower

Average fixed-rate mortgages moved lower this week amid data showing weaker consumer spending, Freddie Mac reports in its weekly mortgage survey. It marked the third-consecutive week that mortgage rates went down. 

Freddie Mac reports the following national averages in rates for the week ending April 18: 

  • 30-year fixed-rate mortgages: averaged 3.41 percent, with an average 0.7 point, dropping from last week’s 3.43 percent average. A year ago at this time, 30-year rates averaged 3.90 percent. 
  • 15-year fixed-rate mortgages: averaged 2.64 percent, with an average 0.7 point, dropping from last week’s 2.65 percent average. Last year at this time, 15-year rates averaged 3.13 percent. 
  • 5-year adjustable-rate mortgages: averaged 2.60 percent, with an average 0.5, dropping from last week’s 2.62 percent average. Last year at this time, 5-year ARMs averaged 2.78 percent. 
  • 1-year ARMs: averaged 2.63 percent, with an average 0.4 point, rising slightly from last week’s 2.62 percent average. A year ago at this time, 1-year ARMs averaged 2.81 percent. 

Source: Freddie Mac



Brian Walsh ABR® BPO
BWalsh@CaronlineOne.com
www.BrianWalshRealty.com
Cell: (843) 883-6971  
Fax: (843) 202-3628
***Accredited Buyer's Representative. I am always ready to assist you in your home search. ALL homes for sale in Charleston, SC and the surroudning areas can be found on my website.***

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