Mortgage rates held steady after declining for three consecutive weeks, according to the “Primary Mortgage market Survey” from Freddie Mac.

“Mortgage rates remained mostly unchanged this week, while mortgage applications rose 5.3 percent from the previous week,” said Sam Khater, chief economist for Freddie Mac. “The general decline in rates we have seen recently, combined with rebounding pending home sales, hint at a strong spring home buying season.”

The key takeaways from the survey are as follows:

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• The 30-year fixed-rate mortgage averaged 4.35 percent with an average 0.5 point for the week ending February 28, 2019, unchanged from last week. A year ago, the 30-year FRM averaged 4.43 percent.
• The 15-year fixed-rate mortgage this week averaged 3.77 percent with an average 0.5 point, down from last week when it averaged 3.78 percent. A year ago, the 15-year FRM averaged 3.90 percent.
• The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.84 percent with an average 0.3 point, unchanged from last week. A year ago, the 5-year ARM averaged 3.62 percent.

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage.