My Real Estate Blog

October 7th, 2011 7:48 AM
Freddie Mac today released the results of its Primary Mortgage Market Survey showing the average rate for the conventional 30-year fixed mortgage dropping below 4% for the first time in history and the 15-year fixed also fell to the lowest level on record for the sixth consecutive week.

30-year fixed-rate mortgage averaged 3.94% with an average 0.8 point for the week ending October 6, 2011, down from last week when it averaged 4.01%.  

15-year this week averaged 3.26% with an average 0.8 point, down from last week when it averaged 3.28%.

5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.96% this week, with an average 0.6 point, down from last week when it also averaged 3.02%. 

Posted by Jim McCowan on October 7th, 2011 7:48 AMPost a Comment (0)
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