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US Long-Term Rates Now Lower Than Short-Term
By Martin | April 30, 2009
Freddie Mac yesterday released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.80 percent with an average 0.7 point for the week ending April 23, 2009, down from last week when it averaged 4.82 percent. Last year at this time, the 30-year FRM averaged 6.03 percent.
PRIMARY MORTGAGE MARKET SURVEY RESULTS
30-YEAR FIXED RATE MORTGAGES
|
|
||||||
|
US |
NE |
SE |
NC |
SW |
W |
|
| AVERAGE |
4.80 |
4.83 |
4.80 |
4.85 |
4.72 |
4.78 |
| Fees & Points |
0.7 |
0.7 |
0.6 |
0.6 |
0.6 |
0.7 |
15-YEAR FIXED RATE MORTGAGES
|
|
||||||
|
US |
NE |
SE |
NC |
SW |
W |
|
| AVERAGE |
4.48 |
4.49 |
4.48 |
4.52 |
4.50 |
4.44 |
| Fees & Points |
0.7 |
0.7 |
0.6 |
0.7 |
0.6 |
0.7 |
5/1 ADJUSTABLE RATE MORTGAGES (ARMs)
|
|
||||||
|
US |
NE |
SE |
NC |
SW |
W |
|
| AVERAGE |
4.85 |
4.75 |
4.72 |
5.08 |
4.77 |
4.95 |
| Fees & Points |
0.6 |
0.6 |
0.7 |
0.6 |
0.4 |
0.5 |
Margin 2.75 2.73 2.75 2.74 2.78 2.75
1-YEAR ADJUSTABLE RATE MORTGAGES (ARMs)
|
|
||||||
|
US |
NE |
SE |
NC |
SW |
W |
|
| AVERAGE |
4.82 |
4.35 |
5.03 |
5.08 |
5.00 |
4.88 |
| Fees & Points |
0.4 |
0.4 |
0.5 |
0.6 |
0.3 |
0.4 |
Margin 2.76 2.75 2.75 2.73 2.83 2.75
THE NATIONAL MORTGAGE RATE SNAPSHOT
|
|
||||
|
|
One Year Ago | |||
|
|
30-YR FRM |
15-YR FRM |
5/1 ARM |
1-YR ARM |
| AVERAGE |
6.03 |
5.62 |
5.68 |
5.29 |
| Fees & Points |
0.3 |
0.3 |
0.5 |
0.5 |
|
|
||||
|
|
One Week Ago | |||
|
|
30-YR FRM |
15-YR FRM |
5/1 ARM |
1-YR ARM |
| AVERAGE |
4.82 |
4.48 |
4.88 |
4.91 |
| Fees & Points |
0.6 |
0.6 |
0.6 |
0.7 |
Topics: credit risk, market risk | No Comments »
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