Fixed Rate Mortgage Down Slightly

Lower Treasury Yields Push Rates Down Slightly

Freddie Mac released the results of its Primary Mortgage Market Survey in which the 30-year fixed-rate mortgage (FRM) averaged 6.68 percent with an average 0.3 point for the week ending August 2, 2007, down from last week when it averaged 6.69. Last year at this time, the 30-year FRM averaged 6.63 percent.

The 15-year FRM this week averaged 6.32 percent with an average 0.3 point, down from last week when it averaged 6.37 percent. A year ago, the 15-year FRM averaged 6.27 percent.

Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) averaged 6.29 percent this week, with an average 0.5 point, down from last week when it averaged 6.30 percent. A year ago, the 5-year ARM averaged 6.27 percent.

One-year Treasury-indexed ARMs averaged 5.59 percent this week with an average 0.5 point, down from last week when it averaged 5.69 percent. At this time last year, the 1-year ARM averaged 5.69 percent.
Thursday, August 02, 2007 - Freddie Mac

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