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Mortgage Rates Follow Bond Yields

Mortgage rates follow bond yields, so we watch U.S. Treasury Bonds closely.  The 10-year U.S. Treasury Bond closed the week yielding 2.42%, down from 2.45% last Friday. The 30-year Treasury Bond yield closed the week at 3.00%, down from 3.08% last week 

Mortgage rates slightly lower this week - The Freddie Mac Primary Mortgage Survey released on January 5, 2017 showed that average mortgage rates from lenders surveyed for the most popular mortgage products were as follows: The 30-year fixed rate average was 4.20%. The 15-year fixed average rate was 3.44%.   The 5/1 ARM average rate was 3.33%. 

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