Freddie Mac: Mortgage rates flat, just under 5% for 30-year fixed

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.

The typical interest rate for a 30-year fixed-rate mortgage was virtually unchanged this week, hovering just under 5%, Freddie Mac said this morning.

The rate edged down from 4.99% to 4.98%, according to the weekly Freddie Mac survey, which assumed that borrowers had a down payment of at least 20% and paid 0.6 points in upfront lender fees and points. Buyers often pay higher points to obtain a lower rate.

The average rate on a 15-year fixed mortgage was 4.39%, down from 4.40% last week.

The news release for the survey usually appears later in the day on Freddie Mac’s website. You should be able to read it here when it’s posted.

--E. Scott Reckard