Mortgage Rates Fall Slightly

Freddie Mac released the results of its Primary Mortgage Market Survey, showing that the 30-year fixed-rate mortgage averaged 2.77% which is a two basis points drop (Freddie Mac)

The 30-year fixed-rate mortgage averaged 2.77 percent with an average 0.7 point for the week ending January 21, 2021, down from last week when it averaged 2.79 percent. A year ago at this time, the 30-year FRM averaged 3.60 percent. 15-year fixed-rate mortgage averaged 2.21 percent with an average 0.6 point, down from last week when it averaged 2.23 percent. A year ago at this time, the 15-year FRM averaged 3.04 percent.