Mortgage Rates Decrease Slightly

Mortgage rates fell this week after last week’s increase, according to Freddie Mac’s Primary Mortgage Market Survey. The 30-year, fixed-rate mortgage fell 0.5% averaging 4.32% nationally this week. While the 15-year, fixed-rate mortgage also declined 0.6%, averaging 3.32% nationally. Both the 30-year and 15-year, FRM are still up from this time last year. Additionally, the 5-year treasury-index hybrid adjustable-rate mortgage also fell to a national average of 3.02%, and the national average for the 1-year Treasury-indexed ARM increased to 2.49%. More here

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