U.S. Mortgage Rates Lower in Latest Week -- Freddie Mac

By Imani Moise

Average mortgage rates in the U.S. fell in the latest week, according to mortgage-finance company Freddie Mac (FMCC).

Freddie Mac Chief Economist Sean Becketti said in prepared remarks Thursday that the declines marked a stark contrast from last week's jump after the Federal Reserve's announcement.

For the week ended Thursday, the 30-year fixed-rate mortgage averaged 4.23%, compared with 4.3% a week earlier and 3.71% a year earlier.

Rates on 15-year fixed-rate mortgages averaged 3.44%, compared with 3.5% the previous week and 2.96% a year earlier.

Five-year Treasury-indexed hybrid adjustable-rate mortgages, or ARMs, on average, were at 3.24%, compared with 3.28% the previous week and 3.89% a year earlier.

Write to Imani Moise at imani.moise@wsj.com

(END) Dow Jones Newswires

March 23, 2017 10:14 ET (14:14 GMT)

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