My Real Estate Blog

Freddie Mac today released the results of its Primary Mortgage Market Survey showing the 30-year and 15-year fixed-rate mortgages reaching record lows for this survey.

30-year fixed-rate mortgage averaged 4.54% with an average 0.7 point for the week ending July 29, 2010, down from last week when it averaged 4.56%. Last year at this time, the 30-year averaged 5.25%.

15-year averaged a record low of 4.00% with an average 0.7 point, down from last week when it averaged 4.03%. A year ago at this time, the 15-year averaged 4.69%.

For the sixth week in a row, interest rates on fixed-rate mortgages eased to all-time record lows during a week of mixed housing data reports. The number of local markets experiencing annual increases in home prices appears to be growing.

Posted by Jim McCowan on July 30th, 2010 7:07 AMPost a Comment (0)
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