McLean, VA Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® )
30-year fixed-rate mortgage: Averaged 5.94 percent with an average 0.6 point for the week ending October 9, 2008, down from last week when it averaged 6.10 percent. Last year at this time, the 30-year FRM averaged 6.40 percent.
15-year fixed-rate mortgage: Averaged 5.63 percent with an average 0.6 point, down from last week when it averaged 5.78 percent. A year ago at this time, the 15-year FRM averaged 6.06 percent.
Five-year Treasury-indexed adjustable-rate mortgages ARMs: Averaged 5.90 percent this week, with an average 0.6 point, down from last week when it averaged 6.00 percent. A year ago, the 5-year ARM averaged 6.12 percent.
One-year Treasury-indexed ARMs: Averaged 5.15 percent this week with an average 0.6 point, up from last week when it averaged 5.12 percent. At this time last year, the 1-year ARM averaged 5.73 percent.
Thanks for Reading
Howard Bell
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