Freddie Mac's Primary Mortgage Market Survey® (PMMS®), out Thursday, showed that fixed mortgage rates posted a fourth consecutive week of increases.

Sam Khater, Freddie Mac’s chief economist, said, “Despite the recent rise in mortgage rates, both existing and new home sales continue to show strength – indicating the lagged effect of lower rates on housing demand. This, along with improved affordability, should push housing activity higher in the coming months.”

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.20% with an average 0.5 point for the week ending April 25, 2019, up from last week when it averaged 4.17%. A year ago at this time, the 30-year FRM averaged 4.58%.
  • 15-year FRM this week averaged 3.64% with an average 0.5 point, up from last week when it averaged 3.62%. A year ago at this time, the 15-year FRM averaged 4.02%.