Freddie Mac: Mortgage Rates Inch Downward Again
Freddie Mac: Mortgage Rates Inch Downward Again
Abstract
The 30-year fixed-rate mortgage (FRM) averaged 5.09% as of today, down from 5.1% last week. Freddie Mac said the PMMS is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. A year ago at this time, the 15-year FRM averaged 2.27%. The 5-year ARM averaged 4.34%.
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