There was little movement in mortgage rates this week.
The following comes from Freddy Mac’s Primary Mortgage Market Survey:
30-year fixed-rate mortgage (FRM)
averaged 6.16% with an average 0.4 point for the week ending March 22, 2007. last week’s averaged was 6.14%. This time last year 30-year FRM averaged 6.32%.
15-year FRM
this week averaged 5.90% with an average 0.4 point, and last week it averaged 5.88%. A year ago 15-year FRM averaged 5.97%.
Five-year ARMs
averaged 5.91% this week, with an average 0.6 point, last week averaged 5.90%. A year ago 5-year ARM averaged 5.96%.
One-year ARMs
averaged 5.40% this week with an average 0.7 point, last week’s average was 5.42%. A year ago, the 1-year ARM averaged 5.41%.
The Federal Government left the federal funds rate unchanged at 5.25%.”
In the housing market, construction of new homes picked up in February after falling to a ten-year low in January.
2 Comments
March 27, 2007 at 1:51 am
hey. looks terrific. but can we make the fairfield county mortgages embarrasingly horrible website be replaced with the one karen did for me? i think its peggykeegan.com
im gonna try to get a keeganmortgage.com…shoot maybe i have it. thats what we decided for the new name in boston.
April 13, 2007 at 5:24 pm
Please join for discussions on topics about The Virtual Reality.
Technology development of The Virtual Reality and its perspectives.
Gnolet.com