My Real Estate Blog

Freddie Mac today released the results of its Primary Mortgage Market Survey showing mortgage rates hitting all-time record lows. The previous record lows for fixed mortgage rates, and the 1-year, were set the week of August 18, 2011. The 5-Year ARM matched its all-time low set last week at 2.96%.

30-year fixed-rate mortgage averaged 4.12% with an average 0.7 point for the week ending September 8, 2011, down from last week when it averaged 4.22%. Last year at this time, the 30-year averaged 4.35%.  

15-year this week averaged 3.33% with an average 0.6 point, down from last week when it averaged 3.39%. A year ago at this time, the 15-year averaged 3.83%.  

5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.96% this week, with an average 0.6 point, the same as last week when it averaged 2.96%. A year ago, the 5-year ARM averaged 3.56%.