Today Freddie Mac released their Prime Mortgage Market Survey which reports average conforming mortgage rates from last week.

From Freddie Mac Chief Economist, Stan Becketti:

“Investors flocked to the safety of government bonds causing the 10-year Treasury yield to continue its descent following the FOMC’s decision to leave rates unchanged. The 30-year fixed-rate mortgage responded by dropping 6 basis points before landing at 3.42 percent — a ten-week low. The course of the economy is uncertain, yet consumers continue to be a bright spot. The September consumer confidence index is up 3 percent to 104.1, exceeding forecasts and reaching a new cycle high.”

So if you’ve been sitting on the fence, contemplating a refinance – there’s no time like right now.

If your home is located anywhere in Washington state, where I’m licensed, I’m happy to help you. 🙂

Freddie Mac’s survey of what mortgage lenders reported for conforming rates last week revealed that mortgage interest rates trended lower. You can see based on the chart below that rates have been bouncing in a tight range, remaining below 4%.

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This morning, Freddie Mac released their weekly mortgage rate report confirming that the 30 year fixed conforming rate is back to record lows from 19 months ago:
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