New Record Lows For 30-Year FRM And Five-Year ARM

Posted by Orb Staff on June 21, 2012 No Comments
Categories : Residential Mortgage

11840_down2 New Record Lows For 30-Year FRM And Five-Year ARM Freddie Mac reports that the 30-year fixed-rate mortgage (FRM) and the five-year adjustable-rate mortgage (ARM) have registered new record lows.

The 30-year FRM averaged 3.66% with an average 0.7 point for the week ending June 21, down from last week when it averaged 3.71%. Last year at this time, the 30-year FRM averaged 4.5%.Â

The 15-year FRM averaged 2.95% with an average 0.6 point, down from last week when it averaged 2.98%. A year ago at this time, the 15-year FRM averaged 3.69%.

The five-year Treasury-indexed hybrid ARM averaged 2.77% this week, with an average 0.6 point, down from last week when it averaged 2.80%. A year ago, it averaged 3.25%.

The one-year Treasury-indexed ARM averaged 2.74% this week with an average 0.5 point, down from last week when it averaged 2.78%. At this time last year, it averaged 2.99%.

Register here to receive our Latest Headlines email newsletter




Leave a Comment