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Mortgages rates drop to lowest levels in 4 years

This information from the Freddie Mac’s Primary Market Mortgage Survey.

The 15-year FRM this week averaged 4.95 percent with an average 0.4 point, down from last week when it averaged 5.21 percent. A year ago at this time, the 15-year FRM averaged 5.98 percent. The 15-year FRM has not been lower since the week ending April 1, when it averaged 4.84 percent.

for more information click here. Freddie Mac

This entry was posted on Wednesday, January 30th, 2008 at 10:36 am and is filed under Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Mortgages rates drop to lowest levels in 4 years”

  1. michaels Says:
    February 27th, 2008 at 12:57 am

    Mortgage rates change with the market situation. Suppose for Adjusted Rate mortgages (ARM) are usually about 1% or 0.5% lower initially than Fixed Rate Mortgages (FRM) in case of the USA but follow the volatility of market indices and require a balloon payment at the end of the mortgage loan tenure

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