Mortgage Market Update

Freddie Mac surveys mortgage lenders every week, compiling the results in a report they call the Primary Mortgage Market Survey (PMMS).  Here are last week’s results with a comparison to the previous week.

30 Year Fixed mortgages came in at 4.20% with 0.6 points.  This was a mere 0.01% lower than the previous week with no change in points.

15 Year Fixed mortgages came in at 3.29% with 0.6 points, 0.03% lower than the previous week with no change in points.

5 Year ARMs came in at 3.01% with 0.4 points.  The prior week was at 3.05% with 0.5 points.

1 Year ARMs came in at 2.43% with 0.5 points, the rate unchanging from the prior week but points actually being higher by 0.1.

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