Year and Mortgage

week: Rates for 30-year home loans have only increased nine times so far this year otherwise, they have dropped or remained flat from week to week, according to Market Watch. The 15-year fixed-rate mortgage moved down 6 basis points to an average of 3.00%, according to Freddie Mac. The 30-year fixed-rate mortgage averaged 3.49% during the week ending Sept. 5, down 9 basis points from the previous week, Freddie Mac FMCC, 42.80%reported Thursday. The 5/1 adjustable-rate mortgage averaged 3.30%, falling 1 basis point. Mortgage rates continued the summer swoon due to weaker economic data, Freddie Mac wrote. Mortgage rates roughly track the direction of the 10-year Treasury note TMUBMUSD10Y, -1.20% . The yield on the 10-year note has generally fallen since mid-August, though this week it began to show signs of a rebound amid growing optimism sparked by planned trade talks between the U.S. and China. (news.financializer.com). As reported in the news.