|
Welcome back! What did you think of our Property Management Software?
Are you subscribed to our feed and receiving email updates? |
Mortgage Finance Freddie Mac
June 3, 2010: Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.79 percent with an average 0.8 point for the week ending June 3, 2010, up slightly from last week when it averaged 4.78 percent. Last year at this time, the 30-year FRM averaged 5.29 percent.
The 15-year FRM this week averaged 4.20 percent with an average 0.7 point, down slightly from last week when it averaged 4.21 percent. A year ago at this time, the 15-year FRM averaged 4.79 percent. The 15-year FRM has not been lower since Freddie Mac started tracking the 15-year FRM in August of 1991 and breaks last week’s record low.
The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.94 percent this week, with an average 0.7 point, down from last week when it averaged 3.97 percent. A year ago, the 5-year ARM averaged 4.85 percent.
The 1-year Treasury-indexed ARM averaged 3.95 percent this week with an average 0.7 point, unchanged from last week when it averaged 3.95 percent. At this time last year, the 1-year ARM averaged 4.81 percent. The 1-year ARM has not been lower since the week ending May 27, 2004 when it averaged 3.87 percent.
More information can be found on Freddie Mac’s website.
SOURCE Freddie Mac
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Freddie Mac’s Primary Mortgage Rates Nearly Unchanged From Last Week is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
- Mortgage rates at record break lows Freddie Mac (OTC: FMCC) released on January 13th the results of its Primary Mortgage Market Survey® (PMMS®), showing mortgage rates easing to new all-time record lows for all products covered......
- 30-Year, 15-Year Fixed-Rate Mortgages Continue to Inch Downward August 19, 2010: Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), and for yet another week, the fixed-rate mortgages reached another low, while the 5-year......
- Home Loan Rates Decline to Lowest Level in the Year Interest rates on mortgages have decreased for the last five weeks and now the 30 year fixed rate loan is below 5 percent to the lowest level in the year.......
