My Real Estate Blog

November 5th, 2010 6:38 AM
Freddie Mac today released the results of its Primary Mortgage Market Survey showing the 30-year fixed-rate mortgage rate rose slightly for the third consecutive week. The 15-year fixed-rate mortgage rate eased back down a little while the 5-year and 1-year ARMs set another low.

30-year fixed-rate mortgage averaged 4.25% with an average 0.8 point for the week ending November 4, 2010, up slightly from last week when it averaged 4.23%.  Last year at this time, the 30-year averaged 4.98%.

5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.39% this week, with an average 0.6 point, down from last week when it averaged 3.41%. A year ago, the 5-year ARM averaged 4.35%. The 5-year ARM has not been lower since Freddie Mac started tracking it in January 2005.

Posted by Jim McCowan on November 5th, 2010 6:38 AMPost a Comment (0)
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