Freddie Mac: Mortgage Rates Dropped Slightly

Posted by Patrick Barnard on September 26, 2014 No Comments
Categories : Residential Mortgage

After rising slightly the previous week, mortgage rates ticked down again during the week ending Sept. 25, according to Freddie Mac's Primary Mortgage Market Survey.

The average rate for a 30-year fixed-rate mortgage (FRM) was 4.20%, down from 4.23% the previous week. A year ago at this time, the 30-year FRM averaged 4.32%.

The average rate for a 15-year FRM was 3.36%, down slightly from 3.37% the week prior. A year ago at this time, the 15-year FRM averaged 3.37%.

The average rate for a five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) was 3.08%, up from 3.06% the previous week. A year ago, the five-year ARM averaged 3.07%.

The average rate for a one-year Treasury-indexed ARM was 2.43%, unchanged from the previous week. At this time last year, the one-year ARM averaged 2.63%.

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