Freddie Mac (NYSE:FRE) released the results of its Primary Mortgage Market Survey® (PMMS®) in which mortgage rates for the 30-year fixed-rate mortgage (FRM) averaged 3.88 percent with an average 0.7 point for the week ending 4/26/2012,
down
from last week when rates for the home loan program averaged 3.9 percent. Four weeks ago, the 30-year FRM averaged 3.99%.
Mortgage rates for the 15-year FRM this week averaged 3.12 percent with an average 0.6 point,
down
from last week when rates for the home loan program averaged 3.13 percent. Four weeks ago, the 15-year FRM averaged 3.23%.
Mortgage rates for the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.85 percent this week, with an average 0.6 point,
up
from last week when rates for the home loan program averaged 2.78 percent. Four weeks ago, the 5-year ARM averaged 2.9%.
Mortgage rates for the 1-year Treasury-indexed ARM averaged 2.74 percent this week with an average 0.6 point,
down
from last week when rates for the home loan program averaged 2.81 percent. Four weeks ago, the 1-year ARM averaged 2.9%.
"Fixed mortgage rates held near record lows this week as the markets waited for the Federal Reserve's (Fed) April 25th monetary policy announcement following two days of deliberations.," said Frank Nothaft, Freddie Mac vice president and chief economist.
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