My Real Estate Blog

August 6th, 2010 7:17 AM
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. The 5-year adjustable rate mortgage also reached its lowest level since Freddie Mac began tracking it in 2005.

30-year fixed-rate mortgage averaged 4.49% with an average 0.7 point for the week ending August 5, 2010, down from last week when it averaged 4.54%. Last year at this time, the 30-year FRM averaged 5.22%.

5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.63% this week, with an average 0.6 point, down from last week when it averaged 3.76%. A year ago, the 5-year ARM averaged 4.73%.

Posted by Jim McCowan on August 6th, 2010 7:17 AMPost a Comment (0)
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