National Mortgage News – Mortgage Industry News and Mortgage Rate News

MORTGAGE RATES MOSTLY FLAT AMID MIXED ECONOMIC NEWS

McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.42 percent with an average 0.7 point for the week ending June 25, 2009, up from last week when it averaged 5.38 percent. Last year at this time, the 30-year FRM averaged 6.45 percent.

LOW INFLATION FIGURES PUSH MORTGAGE RATES BACK DOWN

McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.38 percent with an average 0.7 point for the week ending June 18, 2009, down from last week when it averaged 5.59 percent. Last year at this time, the 30-year FRM averaged 6.42 percent.

BOND YIELDS PUSH MORTGAGE RATES TO HIGHEST LEVEL IN SEVEN MONTHS

McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.59 percent with an average 0.7 point for the week ending June 11, 2009, up from last week when it averaged 5.29 percent. Last year at this time, the 30-year FRM averaged 6.32 percent. The last time the 30-year FRM was higher was the week ending November 26, 2008, when it averaged 5.97 percent.

MORTGAGE RATES CLIMB IN RESPONSE TO RECENT RISE IN BOND YIELDS

30-Year At Highest Rate Since Week Ending December 11, 2008

BOND YIELDS PUSH MORTGAGE RATES HIGHER THIS WEEK

Only the 1-Year ARM Is Lower

MORTGAGE RATES FLAT THIS WEEK THANKS MAINLY TO ACTIONS BY TREASURY AND THE FED

McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.82 percent with an average 0.7 point for the week ending May 21, 2009, down from last week when it averaged 4.86 percent. Last year at this time, the 30-year FRM averaged 5.98 percent.

NOT MUCH CHANGE IN FIXED RATE MORTGAGE RATES

But ARM Rates Are Lower

MORTGAGE RATES RISE ON POSITIVE ECONOMIC NEWS REPORTED DURING THE WEEK

McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.84 percent with an average 0.7 point for the week ending May 7, 2009, up from last week when it averaged 4.78 percent. Last year at this time, the 30-year FRM averaged 6.05 percent.

ALMOST TWO POINTS LOWER THAN PEAK IN OCTOBER, 30-YEAR FRM TIES RECORD LOW REACHED EARLIER IN APRIL

McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.78 percent with an average 0.7 point for the week ending April 30, 2009, down from last week when it averaged 4.80 percent. Last year at this time, the 30-year FRM averaged 6.06 percent. The 30-year FRM now equals the record low that was set the week of April 2, 2009. It has never been recorded lower in Freddie Mac's survey, which goes back to 1970.

LONG-TERM RATES NOW LOWER THAN SHORT-TERM

Fixed-Rates Hover Just Above All Time Low In Freddie Mac Weekly Survey

MOST MORTGAGE RATES RECEDE THIS WEEK

One-Year ARM Rises

APPLICATIONS FOR PURCHASE AND FOR REFINANCING UP NICELY AS MORTGAGE RATES REMAIN UNDER 5 PERCENT

McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.87 percent with an average 0.7 point for the week ending April 9, 2009, up from last week when it averaged 4.78 percent. Last year at this time, the 30-year FRM averaged 5.88 percent.

MORTGAGE RATES FALL AGAIN THIS WEEK, HITTING ANOTHER RECORD-BREAKING LOW

McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.78 percent with an average 0.7 point for the week ending April 2, 2009, down from last week when it averaged 4.85 percent. Last year at this time, the 30-year FRM averaged 5.88 percent. The 30-year FRM has not been lower in the life of Freddie Mac’s weekly survey, which dates back to 1971 for the 30-year FRM.

ANOTHER RECORD LOW SET FOR LONG-TERM MORTGAGE RATES THIS WEEK

McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.85 percent with an average 0.7 point for the week ending March 26, 2009, down from last week when it averaged 4.98 percent. Last year at this time, the 30-year FRM averaged 5.85 percent. The 30-year FRM has not been lower in the life of Freddie Mac’s weekly survey, which dates back to 1971 for the 30-year FRM.

BOND YIELDS PULL LONG-TERM MORTGAGE RATES DOWN TO NEAR RECORD LOWS THIS WEEK

McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.98 percent with an average 0.7 point for the week ending March 19, 2009, down from last week when it averaged 5.03 percent. Last year at this time, the 30-year FRM averaged 5.87 percent. The 30-year FRM has not been lower since the week ending January 15, 2009, when it hit an all-time low of 4.96 percent in Freddie Mac???s weekly survey survey.

LOAN	RATE %	APR %
30yr fixed	5.15	5.30
30yr fixed jumbo	6.03	6.21
15yr fixed	4.70	4.88
15yr fixed jumbo	5.25	5.50
5/1 ARM	5.08	5.60
5/1 ARM jumbo	4.50	4.62

National Mortgage Rate and Industry News