Fixed Mortgage Rates Move Lower in October
2015-10-23Freddie Mac News Facts
• 30-year fixed-rate mortgage (FRM) averaged 3.79 percent with an average 0.6 point for the week ending October 22, 2015, down from last week when it averaged 3.82 percent. A year ago at this time, the 30-year FRM averaged 3.92 percent.
• 15-year FRM this week averaged 2.98 percent with an average 0.5 point, down from last week when it averaged 3.03 percent. A year ago at this time, the 15-year FRM averaged 3.08 percent.
• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.89 percent this week with an average 0.4 point, up from last week when it averaged 2.88 percent. A year ago, the 5-year ARM averaged 2.91 percent.
• 1-year Treasury-indexed ARM averaged 2.62 percent this week with an average 0.2 point, up from 2.54 percent last week. At this time last year, the 1-year ARM averaged 2.41 percent.
Source: http://www.worldpropertyjournal.com/real-estate-news/united-states/lower-mortgage-rates-freddie-mac-primary-mortgage-market-survey-october-2015-pmms-fixed-mortgage-rates-treasury-yields-sean-becketti-federal-reserve-daniel-tarullo-9444.php
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