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Fixed Home Mortgage Rates Continue to Fall Feddie Mac: 30 Year Mortgage Rates at 4.27%, 15 Year Mortgage Rates at 3.72%

Fixed long term mortgage rates are lower in the most recent Primary Mortgage Market Survey released this morning by Freddie Mac. Fixed conforming 30 year home mortgage rates,  fixed conforming 15 year mortgage rates and 5 year adjustable mortgage rates all made record lows for the week ending October 7, 2010.

30 year fixed conforming home mortgage rates are averaging 4.27 percent for the week ending October 7, 2010, down from the previous week’s average 30 year home mortgage  rate of 4.32 percent. Average mortgage discount points on 30 year home mortgage loans was 0.8 points, unchanged from the prior week’s average.



15 year fixed conforming home mortgage rates are averaging 3.72 percent for the week ending October 7, 2010, down from the prior week’s average 15 year home mortgage rate of 3.75%. Average mortgage discount points on 15 year home loans was 0.7 points, unchanged from the previous week’s average.

5 year Treasury indexed adjustable mortgage rates averaged 3.47 percent for the week ending October 7, 2010, down the previous week’s average 5 year adjustable home mortgage rate of  3.52 percent. Average mortgage discount points on 5 year adjustable home mortgages was unchanged at 0.6 points.

1 year U.S Treasury indexed adjustable home mortgage loan rates averaged 3.40 percent for the week ending October 7, 2010, down from the prior week’s average 1 year adjustable home mortgage rate of 3.48 percent.  Average mortgage points on 1 year adjustable home loans was 0.7 points, unchanged from the prior week’s average.
 
Author: Brian McKay
October 7th, 2010