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Money

The www.FedPrimeRate.com Personal Finance Blog and Magazine

Saturday, September 10, 2016

Mortgage Rates Continued Near Record Lows Last Month

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
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
Chart: Prime Rate versus 15- and 30-Year Mortgage Rates versus U.S. 10-Year Treasury Yield

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