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.
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%.