Freddie Mac

Latest Posts

Mortgage Rates Reach Lowest Level in Two Years 

Jan 10, 2008By

Weak economic reports to start the New Year have led mortgage rates to plummet, with rates on a 30-year, fixed-rate mortgage averaging 5.87 percent for the week ending January 10, 2008 — down from last week’s 6.07 percent and the lowest such rate since September 2005. Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) averaged 5.63 percent this week, according to a survey released by Freddie Mac, down from 5.78 percent one week ago. A year ago, the 5-year ARM averaged 6.03 percent.

What's New?
Updated 11 months ago