Freddie Mac: Mortgage rates retreat after highest one-week increase in nearly a year

This week, the average U.S. fixed rate for a 30-year mortgage fell to 3.64%. That’s nine basis points below last week’s 3.73% and more than a percentage point lower than the 4.72% of the year-earlier week, according to the Freddie Mac Primary Mortgage Market Survey. According to the GSE, in terms of the 30-year fixed-rate mortgage, September has been the most volatile month since March. During the month, the weekly movement has averaged 11 basis points.