Friday, April 3, 2026

Mortgage Rates Move Little in Latest Survey

Fri, 22 January 2021  |  mortgage interest rates 

The latest results from Freddie Mac's Primary Mortgage Market Survey (PMMS) show that the 30-year fixed-rate mortgage (FRM) averaged 2.77 percent.

“Mortgage rates have hovered near historic lows for almost a year, fueling purchase and refinance activity amid a global health crisis,” said Sam Khater, Freddie Mac’s Chief Economist. “We’re now seeing rates fluctuate a bit as political and economic factors drive Treasury yields higher. However, we forecast rates to remain relatively low this year as the Federal Reserve keeps interest rates anchored near zero for a longer period of time, if needed until the economy rebounds.”

• 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.
• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.80 percent with an average 0.4 point, down from last week when it averaged 3.12 percent. A year ago at this time, the 5-year ARM averaged 3.28 percent.

The PMMS is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20 percent down and have excellent credit. 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.

Sourc: FreddieMac