Fannie and Freddie: Mortgage Rates Dip Below 5 Percent Again
Posted To: MND NewsWire
Mortgage rates once again slipped below 5 percent during the week ended November 5 according to data released today by Freddie Mac. Results from the weekly Primary Mortgage Market survey peg the average rate for the 30-year fixed-rate mortgage (FRM) at 4.98 percent, down from an average of 5.03 percent a week earlier. Fees and points averaged 0.7 both weeks. The 15-year FRM averaged 4.40 percent with 0.6 point compared to 4.46 percent also with 0.6 point last week. The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) dropped 7 basis points from the previous week's average for an average of 4.35 percent. Fees and points were unchanged at 0.6 point. The one-year Treasury-indexed ARM was at 4.47 percent with 0.5 point. Last week the average was 4.57 percent with 0.5 point….(read more)
Related posts:
