the 30year fixedrate mortgage averaged 612 as of feb 9 according to data released by freddie mac fmcc on thursday that’s down 3 basis points from the previous week one basis point is equal to one hundredth of a percentage point last week the 30year was at 609 last year the 30year was averaging at 369 the average rate on the 15year mortgage rose to 525 mortgage demand rose in the latest week reflecting generally lower mortgage rates according to a separate report by the mortgage bankers association what are freddie mac said “following an interestrate hike from the federal reserve and a surprisingly strong jobs report mortgage rates increased slightly this week” sam khater chief economist at freddie mac said in a statement “the 30year fixedrate continues to hover close to 6 and interested homebuyers are easing their way back to the market just in time for the spring homebuying season” he added market reaction the yield on the 10year treasury note tmubmusd10y fell below 361 during the afternoon trading session on thursday got thoughts on the housing market write to marketwatch reporter aarthi swaminathan at aarthimarketwatchcom