Mortgage: Year and Basis Points

mortgage: That was down 6 basis points during the week, according to Market Watch. It snapped a four-week streak of increases for the popular product, the first time it had sustained such a long stretch of gains since last September. The 30-year fixed-rate mortgage averaged 4.14% in the May 2 week, Freddie Mac said Thursday. The 15-year fixed-rate mortgage averaged 3.60%, down from 3.64%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.68%, down 9 basis points. Fixed-rate mortgages follow the trajectory of the benchmark 10-year U.S. Treasury note TMUBMUSD10Y, 0.00% . The yield on it and other bonds swooned earlier in the year after the Federal Reserve surprised investors by saying that the case for interest-rate increases had weakened because of soft inflation, slower growth, and policy uncertainty. Those rates don't include fees associated with obtaining mortgage loans. (news.financializer.com). As reported in the news.