HousingWire says average weekly mortgage rates barely changed from last week, the Freddie Mac survey showing the average 30-year fixed rate mortgage (FRM) moving little, from 3.88 percent to 3.9 percent this week. MHProNews.com has learned last year the 30-year FRM averaged 4.87 percent. The 15-year FRM also moved little from last week to this, 3.11 percent to 3.13 percent. Last year?s average for this popular refinancing document was 4.1 percent. Five-year, Treasury-indexed hybrid adjustable-rate mortgages averaged 2.78%, a drop from 2.85% the prior week, and a decrease from 2.85% a year earlier. Treasury-indexed one-year adjustable rate mortgages (ARMs) averaged 2.81 percent, 2.80 percent last week and 3.22 percent last year.
(Image credit: BankRate)
Categories: Business, Economy, Finance, home buyers, News Item, Trends Tags: 30 year fixed rat, 30 year fixed rate mortgage, adjustable rate mortgages, e weekly mortgage, fixed rate mortgage, Freddie Mac, mortgage rates, refinancing, treasury, year fixed rate mortgage, year mortgageal green burger king delivery etta james at last john king obama sings al green heidi klum and seal ohare airport
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