Rise in US Mortgage Rates But Still Below 5%

Posted on 18 December 2009

Yesterday Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.94% with an average 0.7 point for the week ending December 17, 2009.

mortgage

The 30-year fixed-rate mortgage rates have raised up from last week when it averaged 4.81%.  Last year at this time, the 30-year FRM were at 5.19%. 

15-year FRM

This week the 15-year FRM averaged 4.38% with an average 0.6 point, this has raised up from last week when it averaged 4.32%. 

At this time a year ago, the 15-year FRM were recorded at 4.92%. 

5-year adjustable-rate mortgage (ARM)

This week the 5-year treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.37%, with an average 0.6 point. This has raised up from last week when it averaged 4.26%.  Last year, the 5-year ARM averaged 5.60%. 

1-year Treasury-indexed ARM

This week 1-year Treasury-indexed ARM averaged 4.34% with an average 0.5 point. It has raised up from last week when it averaged 4.24%.  Last year at this time, the 1-year ARM averaged 4.94%. 

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