National Mortgage Rate and Industry News

LONG- AND SHORT-TERM MORTGAGE RATES TAKE A WELCOME PLUNGE

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 6.26 percent with an average 0.6 point for the week ending July 17, 2008, down from last week when it averaged 6.37 percent. Last year at this time, the 30-year FRM averaged 6.73 percent.

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NO BIG CHANGES IN MORTGAGE RATES ACCORDING TO FREDDIE MAC WEEKLY SURVEY

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 6.37 percent with an average 0.6 point for the week ending July 10, 2008, up from last week when it averaged 6.35 percent. Last year at this time, the 30-year FRM averaged 6.73 percent.

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MORTGAGE RATES REVERSE TREND AND FALL OFF 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 6.35 percent with an average 0.6 point for the week ending July 3, 2008, down from last week when it averaged 6.45 percent. Last year at this time, the 30-year FRM averaged 6.63 percent.

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LONG-TERM RATES LITTLE CHANGED 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 6.45 percent with an average 0.6 point for the week ending June 26, 2008, up from last week when it averaged 6.42 percent. Last year at this time, the 30-year FRM averaged 6.67 percent. The last time the 30-year FRM was higher was the week ending September 6, 2007, when it averaged 6.46 percent.

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FIXED-RATE MORTGAGE RATES JUMP TO HIGHEST LEVEL IN NEARLY EIGHT MONTHS IN FREDDIE MAC WEEKLY SURVEY

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 6.32 percent with an average 0.7 point for the week ending June 12, 2008, up from last week when it averaged 6.09 percent. Last year at this time, the 30-year FRM averaged 6.74 percent. The last time the 30-year FRM was higher was the week ending October 25, 2007, when it averaged 6.33 percent.

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LONG-TERM RATES NEARLY UNCHANGED IN FREDDIE MAC WEEKLY SURVEY

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 6.09 percent with an average 0.6 point for the week ending June 5, 2008, up very slightly from last week when it averaged 6.08 percent. Last year at this time, the 30-year FRM averaged 6.53 percent.

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LONG-TERM RATES SLIP ON WEAK 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 5.98 percent with an average 0.5 point for the week ending May 22, 2008, down from last week when it averaged 6.01 percent. Last year at this time, the 30-year FRM averaged 6.37 percent.

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MOST MORTGAGE RATES DRIFT LOWER ON HOPES

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 6.01 percent with an average 0.6 point for the week ending May 15, 2008, down from last week when it averaged 6.05 percent. Last year at this time, the 30-year FRM averaged 6.15 percent.

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LITTLE MOVEMENT IN MORTGAGE RATES SEEN 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 6.05 percent with an average 0.3 point for the week ending May 8, 2008, down very slightly from last week when it averaged 6.06 percent. Last year at this time, the 30-year FRM averaged 6.21 percent.

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MORTGAGE RATES LITTLE CHANGED AS RISK OF INFLATION CONTINUES TO CAUSE CONCERN

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 6.06 percent with an average 0.5 point for the week ending May 1, 2008, up from last week when it averaged 6.03 percent. Last year at this time, the 30-year FRM averaged 6.16 percent.

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INFLATION JITTERS PUSH MORTGAGE RATES UP THIS WEEK, ACCORDING TO FREDDIE MAC SURVEY

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 6.03 percent with an average 0.3 point for the week ending April 24, 2008, up from last week when it averaged 5.88 percent. Last year at this time, the 30-year FRM averaged 6.16 percent.

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MORTGAGE RATES FLAT IN FREDDIE MAC'S LATEST SURVEY

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 5.88 percent with an average 0.4 point for the week ending April 17, 2008, unchanged from last week when it averaged 5.88 percent. Last year at this time, the 30-year FRM averaged 6.17 percent.

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NO BIG CHANGES IN 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 5.88 percent with an average 0.4 point for the week ending April 10, 2008, unchanged from last week when it averaged 5.88 percent. Last year at this time, the 30-year FRM averaged 6.22 percent.

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LONG-TERM MORTGAGE RATES DRIFT SLIGHTLY UPWARD 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 5.88 percent with an average 0.5 point for the week ending April 3, 2008, up from last week when it averaged 5.85 percent. Last year at this time, the 30-year FRM averaged 6.17 percent.

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MORTGAGE RATES MIXED IN FREDDIE MAC SURVEY

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 5.85 percent with an average 0.4 point for the week ending March 27, 2008, down from last week when it averaged 5.87 percent. Last year at this time, the 30-year FRM averaged 6.16 percent.

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July 23, 2008
LOAN RATE % APR %
30yr fixed 6.10 6.25
30yr fixed jumbo 6.81 6.95
15yr fixed 5.68 5.85
15yr fixed jumbo 6.67 6.90
5/1 ARM 5.59 5.94
5/1 ARM jumbo 5.79 5.92
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