Interest rates remained stable as the real estate industry eyes the start of spring home-buying season, according to the Freddie Mac Primary Mortgage Market Survey.
Freddie Mac's survey reported that the average 30-year fixed-rate mortgage barely edged up this week to 3.67%
For 15-year fixed-rate mortgages, the average rate also rose by 1 basis point to 2.94%. At this same time in 2014, 15-year FRMs were again higher at an average rate of 3.33%.
The average rate for a five-year Treasury-indexed hybrid adjustable-rate mortgage rose by a higher amount week-to-week to 2.88% from 2.83%. The one-year Treasury-indexed adjustable-rate mortgage remained unchanged at 2.46%.
A "light week" of economic data explained the lull in interest rates, according to Freddie Mac deputy chief economist Len Kiefer.
