My Real Estate Blog

30-year fixed-rate mortgage averaged 4.32% with an average 0.8 point for the week ending September 30, 2010, down from last week when it averaged 4.37%. Last year at this time, the 30-year FRM averaged 4.94%.

5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.52% this week, with an average 0.6 point, down from last week when it averaged 3.54%. A year ago, the 5-year ARM averaged 4.42%.

Homeowners have regained $1.0 trillion in home equity as of the second quarter of 2010 after losing more than $7.5 trillion over the three-year period ending in the first quarter of 2009, the Federal Reserve Board reported. This, in part, strengthened household balance sheets and reduced serious mortgage delinquencies. For instance, first mortgages 90-days delinquent or worse fell to 3.16% in August from 4.76% a year prior and was the lowest rate since June 2008.