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Mortgage Rates

May 12, 2008
LOAN RATE % APR %
30yr fixed 5.75 5.88
30yr fixed jumbo 6.71 6.84
15yr fixed 5.30 5.50
15yr fixed jumbo 6.44 6.68
5/1 ARM 5.39 5.92
5/1 ARM jumbo 6.36 6.64

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Latest News

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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