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30-year Mortgage rates dropped to 4% this week

The March 21, 2019 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 4.28%, down from 4.31% last week. The 15-year fixed was 3.71%, down from 3.76% last week. The 5-year ARM was 3.84%, unchanged from 3.84% last week. Interest rates dropped on Thursday and Friday after the Freddie Mac survey was released. By the end of the day Friday we had clients locked into 30-year fixed rates below 4%!

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