My Real Estate Blog

April 1st, 2011 7:00 AM
 Freddie Mac today released the results of its Primary Mortgage Market Survey which shows interest rates increasing slightly.

30-year fixed-rate mortgage averaged 4.86% with an average 0.7 point for the week ending March 31, 2011, up from last week when it averaged 4.81%. Last year at this time, the 30-year averaged 5.08%.  

15-year this week averaged 4.09% with an average 0.7 point, up from last week when it averaged 4.04%. A year ago at this time, the 15-year averaged 4.39%.  

5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.70% this week, with an average 0.7 point, up from last week when it averaged 3.62%. A year ago, the 5-year averaged 4.10%.

Fixed mortgage rates rose slightly for a second week in a row, but continue to remain quite low.  Low rates have benefited from pretty benign inflation reports. Inflation is hovering near the lowest pace since 1960 when this data series began.

Posted by Jim McCowan on April 1st, 2011 7:00 AMPost a Comment (0)
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