My Real Estate Blog

Freddie Mac today released the results of its Primary Mortgage Market Survey showing lower mortgage rates for both long- and short-term rates, with the 30-year reaching a four-week low.

30-year fixed-rate mortgage averaged 4.71% with an average 0.8 point for the week ending January 13, 2011, down from last week when it averaged 4.77%. Last year at this time, the 30-year averaged 5.06%.

5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.72% this week, with an average 0.7 point, down from last week when it averaged 3.75%. A year ago, the 5-year averaged 4.32%.

Posted by Jim McCowan on January 14th, 2011 3:03 AMPost a Comment (0)
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