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Freddie Reports Mortgage Rates Produce Record Lows Yet Again

by the zac team at Ponce Realty

Hello neighbors,

As for this week's mortgage rates, according to Freddie Mac, the 30-year fixed rate mortgage fell yet again creating record lows for the week ending today producing an average 4.36% with an average point of 0.7. Last week, the average rate for the 30-year fixed rate mortgage came in at 4.42%.

The 15-year fixed rate mortgage produced an average of 3.86% and average 0.6 point, which was also down from the previous week's average of 3.90%.

In addition, Freddie Mac reported an average 3.56% and average 0.6 point for the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) this week. This number is unchanged from last week's average.

Lastly, the 1-year Treasury-indexed ARM produced a weekly average of 3.52% with an average 0.7 point. This number showed a slight decrease from last week's average of 3.53%.

Fixed Mortgage Rates Continue to Set Record Lows

by the zac team at Ponce Realty

Greetings neighbors,

Following the trend in recent weeks, mortgage rates set new record lows yet again for the 8th week in the row according to Freddie Mac's Primary Mortgage Market Survey.

According to Freddie's survey for the week ending today, August 12th, 30-year FRM's came in at an average rate of 4.44% with an average 0.7 origination point. This number showed a decrease from last week's average of 4.49% and last year's average of 5.29%.

In addition, the survey showed a decrease in 15-year FRM's as well with an average rate of 3.92% and an average point of 0.6 when compared to last week's average of 3.95%. This number is also lower than last year's average of 4.68%.

The 5-year ARM came in this week averaging 3.56% with an average origination point of 0.7 in comparison to last week's 3.63% and last year's average of 4.75%.

Last but not least, the one-year Treasury-indexed ARM came in at 3.53% with an average point of 0.7 on the weekly survey in comparison to 3.55% last week. This time last year, the one-year Treasury-indexed ARM averaged 4.72%.

Hello neighbors,

As for the weekly mortgage rates for the week ending July 22nd, Freddie Mac reported 30-year fixed-rate mortgages to be at 4.56% with an average 0.7 point for the week on their weekly Primary Mortgage Market Survey. This week's average was down from both last week's average of 4.57% and last year's average of 5.20%.

This week's 15-year FRM came in at an average record low of 4.03% with an average 0.7 point which also showed a decrease from last week's average of 4.06% and last year's average of 4.68%.

The 5-year Treasury-indexed hybrid ARM dropped from last week's average of 3.85% to 3.79% this week with an average point of 0.6. Last year during this time the 5-year Treasury-indexed hybrid ARM was sitting at 4.74%.

Lastly, the 1-year Treasury-indexed ARM produced an average of 3.70% with an average 0.7 point this week according to Freddie's report. This number, like the others, also showed a decrease from last week's average of 3.74% and last year's average of 4.77%.

Like the previous weeks, this week's mortgage rates reached record lows for Freddie Mac's survey.

Displaying blog entries 1-3 of 3

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Photo of Zac Pasmanick  Real Estate
Zac Pasmanick
RE/MAX Metro Atlanta Cityside
600 Virginia Avenue NE
Atlanta GA 30306
Office: 404-564-7272

 

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