Greetings neighbors,

According to Freddie Mac's recent weekly survey, mortgage rates ending the week of June 17th did not drop but stayed under 5% for the fifth week in a row.

As for the survey’s results, 30-year fixed rate mortgages came in at 4.75% with a 0.7 origination point which showed an increase from last week's average of 4.72%, but still lower than last year's average of 5.38% at this time.

Freddie's survey showed 15-year FRM's coming in with an average of 4.2% with an origination point of 0.7. This was also up from last week's average of 4.17% but still lower than last year's average of 4.89%.

As for the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM), this week's survey showed an average of 3.89% with an 0.7 point average and unlike the others, a decrease from last week's average of 3.92% as well as last year's 4.97%.

Last but not least, the one-year Treasury-indexed ARM was 3.82% with a 0.6 origination point which was a decrease from last week's average of 3.91% and last year's average of 4.95%.