The average yield on the benchmark, 10-Year, U.S. Treasury Note was 1.56%
last month, which has contributed much
to keeping mortgage rates
near record lows.
For August 2016, the average rate on conforming, fixed-rate mortgage
(FRM) loans were:
- 15-year, fixed-rate: 2.75%
- 30-year, fixed-rate: 3.44%
|Mortgage Rates History|
The all-time, record-low average monthly FRM rates were set back in November and December of 2012:
- 2.66% for a 15-year FRM
- 3.35% for a 30-year FRM.
|Chart: Prime Rate versus 15- and 30-Year Mortgage Rates versus U.S. 10-Year Treasury Yield|
Labels: mortgage, mortgage_rates, Treasury_Yield