Markets & Economy

Mortgage rates reverse course, drop slightly

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Fixed mortgage rates reversed course this week and fell slightly, according to Freddie Mac’s weekly Primary Mortgage Market Survey. The survey showed rates on 30-year fixed-rate mortgages averaged 4.17 percent with an average point of 0.6 for the week ending June 19, down from 4.2 percent last week but up from 3.93 percent a year ago. Rates on 15-year fixed-rate mortgages and five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans slipped, while rates on one-year Treasury-indexed ARMs increased....