Greetings neighbors,

Continuing to follow the record low trend; 30-year FRM's hit another low for the 11th week in a row according to the Primary Mortgage Market Survey produced by Freddie Mac.

For the week ending Sept. 2nd, the 30-year FRM came in at 4.32% with an average origination point of 0.7 which is down from the previous week's average of 4.36% and last year's average of 5.08% at this time.

As for the 15-year FRM, there was a record low of 3.83% and an average origination point of 0.6. This number was also down from last week's average of 3.86% as well as last year's average of 4.54%.

This week's 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) came in with an average of 3.54% with an average 0.6 point in comparison to last week's average of 3.56% and last year's average of 4.59%.

Lastly, the 1-year Treasury Indexed ARM came in at 3.50% with an average 0.7 point. This averaged also proved to be less than last week's average of 3.52% and last year's average of 4.62% at this time.