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Fixed mortgage rates resume declineFixed mortgage rates resume declinehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=123002016-02-26T06:00:00Z

​​McLEAN, Va. – Freddie Mac yesterday released the results of its Primary Mortgage Market Survey, which showed fixed mortgage rates resuming their decline.

The 30-year fixed-rate mortgage (FRM) averaged 3.62 percent with an average 0.6 point for the week ending Feb. 25, 2016, down from last week when it averaged 3.65 percent. A year ago at this time, the 30-year FRM averaged 3.8 percent. 

The 15-year FRM this week averaged 2.93 percent with an average 0.5 point, down from last week when it averaged 2.95 percent. A year ago at this time, the 15-year FRM averaged 3.07 percent.

​Meanwhile, the five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.79 percent this week with an average 0.5 point, down from last week when it averaged 2.85 percent. A year ago, the five-year ARM averaged 2.99 percent.

Freddie Mac
U.S.
Housing
http://freddiemac.mwnewsroom.com/press-releases/fixed-mortgage-rates-resume-decline-otcqb-fmcc-1245937Read more at {Source}

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