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Fixed Mortgage Rates Little Changed

Fixed Mortgage Rates Little Changed

MCLEAN, VA--(Marketwired - Dec 12, 2013) - Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey(R) (PMMS®), showing average fixed mortgage changing little from the previous week amid light economic data releases. 

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.42 percent with an average 0.7 point for the week ending December 12, 2013, down from last week when it averaged 4.46 percent. A year ago at this time, the 30-year FRM averaged 3.32 percent. 
  • 15-year FRM this week averaged 3.43 percent with an average 0.7 point, down from last week when it averaged 3.47 percent. A year ago at this time, the 15-year FRM averaged 2.66 percent. 
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.94 percent this week with an average 0.4 point, down from last week when it averaged 2.99 percent. A year ago, the 5-year ARM averaged 2.70 percent.
  • 1-year Treasury-indexed ARM averaged 2.51 percent this week with an average 0.4 point, down from last week when it averaged 2.59 percent. At this time last year, the 1-year ARM averaged 2.53 percent. 

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 links for the Regional and National Mortgage Rate Details and Definitions. Borrowers may still pay closing costs which are not included in the survey.

Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac.

"Mortgage rates were little changed amid a light week of economic data releases. Of the few releases, total nonfarm payroll employment rose by 203,000 in November and the unemployment rate declined to 7.0 percent. Also, single family mortgage debt outstanding increased for the first time since 2008. This is a positive sign as it reflects that the pick-up in new purchase-money originations has offset loan paydowns and led to a net increase in principal outstanding."

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. For more information please visit and Twitter: @FreddieMac.


PMMS Week: 50
Week Ending: December 12, 2013

  Weighted       Unweighted Regional Averages    
  U.S.   NE   SE   NC   SW   W
30 YR FRM Rate 4.42   4.40   4.44   4.42   4.47   4.40
Fees & Points 0.7   0.8   0.7   0.7   0.6   0.7
  -   -   -   -   -   -
15 YR FRM Rate 3.43   3.44   3.46   3.42   3.47   3.40
Fees & Points 0.7   0.7   0.6   0.6   0.6   0.7
  -   -   -   -   -   -
5 YR ARM Rate 2.94   2.99   2.99   3.11   2.96   2.79
Fees & Points 0.4   0.3   0.3   0.2   0.4   0.6
Margin 2.74   2.72   2.75   2.76   2.75   2.73
  -   -   -   -   -   -
1 YR ARM Rate 2.51   2.64   2.50   2.60   2.57   2.34
Fees & Points 0.4   0.8   0.2   0.1   0.3   0.4
Margin 2.75   2.77   2.71   2.76   2.75   2.75


One Year Ago

30-YR FRM   15-YR FRM   5/1 ARM   1-YR ARM
3.32   2.66   2.70   2.53
0.7   0.6   0.6   0.5

One Week Ago

30-YR FRM 15-YR FRM 5/1 ARM 1-YR ARM
4.46 3.47 2.99 2.59
0.5 0.4 0.4 0.4

Find more information about Freddie Mac at


The financial and other information contained in the documents that may be accessed on this page speaks only as of the date of those documents. The information could be out of date and no longer accurate. Freddie Mac does not undertake an obligation, and disclaims any duty, to update any of the information in those documents. Freddie Mac's future performance, including financial performance, is subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect the company's future results are discussed more fully in our reports filed with the SEC.

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