Freddie Mac: Another Week Of Record-Low Mortgage Rates

Posted by Orb Staff on July 19, 2012 No Comments
Categories : Residential Mortgage

12018_umbrella Freddie Mac: Another Week Of Record-Low Mortgage Rates The average 30-year and 15-year fixed-rate mortgages (FRMs) continue to hit all-time record lows, along with the five-year adjustable-rate mortgage (ARM), according to new data from Freddie Mac.

The 30-year FRM averaged 3.53% with an average 0.7 point for the week ending July 19, down from last week when it averaged 3.56%. Last year at this time, the 30-year FRM averaged 4.52%.Â

The 15-year FRM this week averaged 2.83% with an average 0.6 point, down from last week when it averaged 2.86%. A year ago at this time, the 15-year FRM averaged 3.66%.Â

The five-year Treasury-indexed hybrid ARM averaged 2.69% this week with an average 0.6 point, down from last week when it averaged 2.74%. A year ago, it averaged 3.27%.

The one-year Treasury-indexed ARM averaged 2.69% this week with an average 0.4 point, the same as last week. At this time last year, it averaged 2.97%. Â

The average 30-year FRM has been below 4% all but one week in 2012. The average 15-year FRM has been below 3% for eight consecutive weeks.

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