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1970s mortgage rate trends. The average 30-year fixed-rate mortgage started the decade at about 7.5 percent in 1971 (the earliest year for which data is available), according to Freddie Mac.
The average rate for shorter 15-year terms is 6.37% for purchase and 6.36% for refinance, up 10 basis points from 6.27% for purchase and 6 basis points from 6.30% for refinance this time last week ...
The average rate for shorter 15-year terms is 6.19% for purchase and 6.20% for refinance, down 11 basis points from 6.30% for purchase and 10 basis points from 6.30% for refinance this time last ...
See today's average mortgage rates ... a drop of 13 basis points from 6.91% for purchase and 17 basis points from 6.92% for refinance this time last Friday. Rates on a 15-year mortgage stand at an ...
Similarities in both values and definitions of Macaulay duration versus Weighted Average Life can lead to confusing the purpose and calculation of the two. [12] For example, a 5-year fixed-rate interest-only bond would have a Weighted Average Life of 5, and a Macaulay duration that should be very close. Mortgages behave similarly.
Rates on a 15-year mortgage stand at an average 6.18% for purchase and 6.22% for refinance — up 5 basis points from 6.13% for purchase and 5 basis points 6.17% for refinance this time last week.
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