My Real Estate Blog

December 31st, 2010 6:53 AM
Freddie Mac today released the results of its Primary Mortgage Market Survey showing all but the 1-year ARM rise. This brings 30-year mortgage rates back to levels seen in May of this year, while the 15-year ties levels not seen since June. Even so, mortgage rates remain incredibly low.

30-year fixed-rate mortgage averaged 4.86% with an average 0.8 point for the week ending December 30, 2010, up from last week when it averaged 4.81%. Last year at this time, the 30-year averaged 5.14%.

5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.77% this week, with an average 0.7 point, up from last week when it averaged 3.75%. A year ago, the 5-year averaged 4.44%.

For the year as a whole, 30-year fixed mortgage rates averaged just below 4.7%, which represented the lowest annual average since 1955 when secondary market yields on FHA mortgages were above 4.6% and the average price of a home was $22,000.

Posted by Jim McCowan on December 31st, 2010 6:53 AMPost a Comment (0)
Recent Posts:
Archive:
My Favorite Blogs:
Sites That Link to This Blog:

Jim McCowan 4600 Lee Highway Arlington, VA 22207
Phone: Cell: Fax:

Curb Appeal List | Setting the Sales Price | Free Home Valuation | First Time Buyers | Get Pre-qualified | Home Buyer Checklist | Looking to Buy? | Looking to Sell? | Home | Writing the Offer | Staging Checklist | Buyer's Video | Seller's Video

Copyright © 2012 Jim McCowan
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.