My Real Estate Blog

March 19th, 2010 6:45 AM
Freddie Mac today released the results of its Primary Mortgage Market Survey® showing that the 30-year fixed-rate mortgage (FRM) averaged 4.96 percent with an average 0.7 point for the week ending March 18, 2010, up slightly from last week when it averaged 4.95 percent. Last year at this time, the 30-year FRM averaged 4.98 percent.

The 15-year FRM this week averaged 4.33 percent with an average 0.6 point, up slightly from last week when it averaged 4.32 percent.  A year ago at this time, the 15-year FRM averaged 4.61 percent.

With house prices starting to stabilize and even rise, homeowners on aggregate are slowly building back equity in their homes based on figures from the Federal Reserve Board .  After losing almost $7.9 trillion in home equity since the end of 2006, homeowners regained almost $1.1 trillion over the past three quarters ending in 2009.

Posted by Jim McCowan on March 19th, 2010 6:45 AMPost a Comment (0)
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