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Fixed Term Mortgage Rates Lower and Adjustable Mortgage Rates Mixed in Latest Mortgage Survey

Fixed rate mortgages are lower and adjustable rate mortgages are mixed the latest mortgage survey released this morning by Freddie Mac. In the Primary Mortgage Market Survey, fixed conforming 30 year mortgage rates are averaging 5.00 percent for the week ending February 17, 2011, down from the prior week's average of 5.05 percent. Average mortgage discount points on 30 year mortgages were unchanged at 0.7 points.

Conforming fixed 15 year mortgage rates averaged 4.27 percent with 0.7 points for the week ending February 17, 2011, a decrease from the previous week’s survey when 15 year mortgage rates averaged 4.29 percent with 0.7 mortgage discount points.



5 year U.S. Treasury-indexed adjustable mortgage rates averaged 3.87 percent for the week ending February 17, 2011, down from the previous week’s average 5 year adjustable home mortgage rate of 3.92 percent. Average mortgage discount points on 5 year adjustable mortgages were 0.6 points, unchanged from the previous week’s average.

1 year U.S. Treasury-indexed adjustable rates averaged 3.39 percent for the week ending February 17, 2011, up from the prior week’s average 1 year adjustable home mortgage rate of 3.35 percent. Average mortgage points on 1 year adjustable home loans were 0.6 points, unchanged from the prior week.
 
Author: Brian McKay
February 17th, 2011