Mortgage interest rates dipped for the second week in a row. But despite the dip, Freddie Mac Chief Economist Sam Khater expects rates to "increase modestly" for the remainder of the year. This week Freddie Mac's Primary Mortgage Market Survey found the 30-year fixed-rate mortgage averaged 3.04 per cent.
•30-year fixed-rate mortgage averaged 3.04 percent with an average 0.7 point for the week ending April 15, 2021, down from last week when it averaged 3.13 percent. A year ago at this time, the •30-year FRM averaged 3.31 percent.
•15-year fixed-rate mortgage averaged 2.35 percent with an average 0.7 point, down from last week when it averaged 2.42 percent. A year ago at this time, the 15-year FRM averaged 2.80 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 2.92 percent. A year ago at this time, the 5-year ARM averaged 3.34 percent.
