New Homes in Houston TX by Long Lake

Fixed Mortgage Rates Fall

Average fixed mortgage rates moved lower this week following a weaker than expected jobs report in March, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). The 30-year fixed-rate mortgage (FRM) averaged 3.66 percent, down from 3.70 percent the previous week. The 15-year FRM averaged 2.93 percent, down from 2.98 percent the previous week.