For Sale or RentReal Estate for Sale or Rent Search for Homes, Land, Storage, Office Space, Vacation, Condos & more... in the United States, India, UK, Canada, Australia, and Ireland |
America
Bond Yields Push 30-Year Mortgage Rates to Highest Level in Eight Months
The 15-year FRM this week averaged 4.52 percent with an average 0.6 point, up from last week when it averaged 4.39 percent. A year ago at this time, the 15-year FRM averaged 4.54 percent. This is the highest the 15-year FRM has been since the week ending December 31, 2009, when it averaged 4.54 percent. The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.25 percent this week,
|
||
|
McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.21 percent with an average 0.6 point for the week ending April 8, 2010, up from last week when it averaged 5.08 percent. Last year at this time, the 30-year FRM averaged 4.87 percent. This is the highest the 30-year FRM has been since the week ending August 13, 2009 when it averaged 5.29 percent.
McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.08 percent with an average 0.7 point for the week ending April 1, 2010, up from last week when it averaged 4.99 percent. Last year at this time, the 30-year FRM averaged 4.78 percent.
On March 29, 2010, the Obama Administration announced a $600 million expansion of the HFA Hardest Hit Fund to support innovative housing-related measures to help families in states suffering from economic distress. While the first Hardest Hit Fund targeted five states with home price declines greater than 20 percent, the second Hardest Hit Fund will target five states with high concentrations of people living in economically distressed areas in which the unemployment rate exceeded 12 percent in 2009.
