Freddie Mac report on Fixed Rate Mortgages
30-year
The 30-year fixed-rate mortgage (FRM) averaged 6.24 percent with an average 0.5 point for the week ending February 28, 2008, up from last week when it averaged 6.04 percent. Last year at this time, the 30-year FRM averaged 6.18 percent.
15-year
15-year FRM this week averaged 5.72 percent with an average 0.5 point, up from last week when it averaged 5.64 percent. A year ago at this time, the 15-year FRM averaged 5.92 percent.
Freddie Mac Hybrid Rates
Five-year Treasury Indexed ARMs
The 15 year ARM's averaged 5.43 percent this week, with an average 0.4 point, up from last week when it averaged 5.37 percent. A year ago, the 5-year ARM averaged 5.93 percent.
One-year Treasury-indexed ARMs averaged 5.11 percent this week with an average 0.7 point, up from last week when it was 4.98 percent. At this time last year, the 1-year ARM averaged 5.49 percent
Thanks for Reading
Howard Bell
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