Freddie Mac: Fixed-Rate Mortgages Finally Trending Upwards

Posted by Orb Staff on June 15, 2012 No Comments
Categories : Residential Mortgage

11794_housing_good_news Freddie Mac: Fixed-Rate Mortgages Finally Trending Upwards After a six-week streak of record-setting lows, Freddie Mac's average fixed-rate mortgage (FRM) data has finally trended upwards.

According to Freddie Mac, the 30-year FRM averaged 3.71% with an average 0.7 point for the week ending June 14, up from last week when it averaged 3.67%. Last year at this time, the 30-year FRM averaged 4.5%.Â

The 15-year FRM this week averaged 2.98% with an average 0.7 point, up from last week when it averaged 2.94%. A year ago at this time, the 15-year FRM averaged 3.67%.Â

The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.8% this week, with an average 0.6 point, down from last week when it averaged 2.84%. A year ago, it averaged 3.27%.

The one-year Treasury-indexed ARM averaged 2.78% this week with an average 0.5 point, down from last week when it averaged 2.79%. At this time last year, it averaged 2.97%.

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