My Real Estate Blog

January 21st, 2011 6:41 AM
Freddie Mac today released the results of its Primary Mortgage Market Survey showing mixed results for both long and short-term rates.

30-year fixed-rate mortgage averaged 4.74% with an average 0.8 point for the week ending January 20, 2011, up from last week when it averaged 4.71%. Last year at this time, the 30-year  averaged 4.99%.

5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.69% this week, with an average 0.7 point, down from last week when it averaged 3.72%. A year ago, the 5-year  averaged 4.27%.

Mortgage rates were little changed during the holiday week amid reports that inflation remains tame. Both the December core producer price index and consumer price index matched the market consensus. Compared to December 2009, core consumer prices rose at a 0.8 percent rate, the smallest yearly increase since records began in 1958.

Posted by Jim McCowan on January 21st, 2011 6:41 AMPost a Comment (0)
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