According to Freddie Mac's released results of its Primary Mortgage Market Survey®(PMMS®),
it showed fixed mortgage rates finding new record lows for the second
consecutive week keeping borrowing costs attractive to support the
ongoing housing recovery.
News Facts
- 30-year fixed-rate mortgage (FRM)
averaged 3.31 percent with an average 0.7 point for the week ending
November 21, 2012, down from last week when it averaged 3.34 percent.
Last year at this time, the 30-year FRM averaged 3.98 percent.
- 15-year FRM this week averaged 2.63 percent with an average 0.7 point, down from last week when it averaged 2.65 percent. A year ago at this time, the 15-year FRM averaged 3.30 percent.
- 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM)
averaged 2.74 percent this week with an average 0.6 point, the same as
last week. A year ago, the 5-year ARM averaged 2.91 percent.
- 1-year Treasury-indexed ARM averaged
2.56 percent this week with an average 0.5 point, up from last week
when it averaged 2.55 percent. At this time last year, the 1-year ARM
averaged 2.79 percent.
Average commitment rates should be reported along with average fees
and points to reflect the total upfront cost of obtaining the mortgage. Borrowers may still pay closing costs which are not included in the survey.

No comments:
Post a Comment