September 2, 2021
Economic growth and the acceleration in inflation have moderated in the last month, giving the markets comfort and leading to a stabilization in mortgage rates. Heading into the fall, home purchase demand is stable, home sales remain firm and above pre-pandemic levels, and inventory of unsold homes is tight but improving modestly. These factors will allow for home price pressures to ease over the remainder of the year.
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Primary Mortgage Market Survey®
U.S. weekly averages as of 09/02/2021
30-Yr FRM
2.87%
0.00 1-Wk
0.06 1-Yr
0.6 Fees/Points
15-Yr FRM
2.18%
0.01 1-Wk
0.24 1-Yr
0.6 Fees/Points
5/1-Yr ARM
2.43%
0.01 1-Wk
0.50 1-Yr
0.3 Fees/Points
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09/02/2020 - 09/02/2021Week ending Thursday, Jul 15, 2021
| 30Y FRM: | 2.88% |
|---|---|
| 15Y FRM: | 2.22% |
| 5/1 ARM: | 2.47% |
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the Definitions. Borrowers may still pay closing costs which are not included in the survey.