Mortgage Rates Hit New Lows in the Beginning of 2015

Mortgage (3)

The average rates on fixed-rate mortgage loans began the new year by dropping down to their lowest levels since May 2013, according to the Primary Mortgage Market Survey of Freddie Mac. Back then, the average rate on a 30-year fixed-rate loan was 3.59%.

In the week ended January 8th 2015, the average interest rate on a 30-year fixed-rate home loan was 3.73%. It declined from 3.87% in the week before. In the same week of 2014, the average rate on this type of home loan was 4.51%.

The average rate on a 15-year fixed-rate mortgage also experienced a decline compared to the previous week. It dropped to 3.05% from 3.15%. At this time one year ago, the average rate on this type of mortgage was 3.56%.
The 5-year hybrid adjustable-rate loan experienced a smaller decline in its average interest rate during the week ended January 8th. It was 2.98% compared to 3.01% one week earlier. In the same week one year ago, it was 3.15%.
The average interest rate of a 1-year hybrid adjustable-rate home loan dropped to 2.39% from 2.40% in the week before. It is currently lower compared to the same week one year ago. Back, then the average rate on this type of loan was 2.56%.

Refinance at
Loan Type

Please enable JavaScript for the best experience.

The vice president and chief economist of Freddie Mac, Frank Nothaft, said that the decline in mortgage rates at the start of the year occurred as the yields on the 10-year Treasury bills went below 2% for the first time in three months. He noted that in the meantime the minutes of the Federal Market Open Committee indicated continuous discussion on the timing of the first rate increase. He also commented that according to a report of the ADP Research Institute, 241,000 new jobs were added to the economy by the private sector in December 2014 and this was in excess of expectations.



Christian Calvin mortgage Christian is a contributing writer for He is a graduate from the University of Tennessee with a degree in Communications and a concentration in Broadcasting. Christian has served as vice-president for a privately-held company for more than 20 years. Additionally, he has also applied his writing and business knowledge to various websites with a focus on business and sports news . . . both of which are passions. Christian enjoys playing golf and spending time with his family and friends.


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Facebook Iconfacebook like buttonTwitter Icontwitter follow button