Freddie Reports Mortgage Rates Hit 4.78%, the Lowest for 2010

Housing and Money (2)

Freddie Mac's (NYSE:FRE) weekly survey of mortgage rates gives would-be and existing home owners reason to jump for joy.  The 30-year fixed-rate mortgage averaged 4.78% for the week ended Thursday, down from the prior week's 4.84% average and 4.91% a year earlier. The past week's average was the lowest since December 2009.

Rates on 15-year fixed-rate mortgages fell to 4.21%—hitting a fresh low since Freddie started keeping track of that type of loan in 1991—compared with 4.24% a week earlier and 4.53% last year.

Five-year Treasury-indexed hybrid adjustable-rate mortgages averaged 3.97%, up from 3.91% a week earlier—when the figure hit the lowest level since Freddie started keeping score in 2005—but down from 4.82% on year.

One-year Treasury-indexed ARMs hit a fresh 5 1/2-year low of 3.95%, down from 4% and 4.69%, respectively.

WallStNation.comThanks for visiting, to assist your investing research try using our Search (click to access) or review the list of Tickers (click to access) that link directly to articles related to the given stock/security.

To Browse our Most Recent Stories (click here)

Share Content

Share this article with others, is the Independent Wall Street Newspaper. Thanks for Reading!

Daily Market Summary

Please Review the Disclaimer and remember that information provided by our site is at the investor's sole financial risk. Please Review for more Details