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Mortgage rates at new 2016 lowsMortgage rates at new 2016 lowshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=128122016-04-12T05:00:00Z​MCLEAN, VA – On Thursday, Freddie Mac released the results of its Primary Mortgage Market Survey, which showed mortgage rates declining from the previous week and reaching their lowest level since February of last year.

Thirty-year fixed-rate mortgages (FRM) averaged 3.59 percent with an average 0.5 point for the week ending April 7, 2016, down from the previous week when they averaged 3.71 percent. A year ago at this time, the 30-year FRM averaged 3.66 percent.

Fifteen-year FRMs averaged 2.88 percent with an average 0.4 point, down from last week when it averaged 2.98 percent. A year ago at this time, the 15-year FRM averaged 2.93 percent.

The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.82 percent with an average 0.5 point, down from last week when it averaged 2.90 percent. A year ago, the five-year ARM averaged 2.83 percent.
Freddie Mac
U.S.
Housing
http://freddiemac.mwnewsroom.com/press-releases/mortgage-rates-at-new-2016-lows-otcqb-fmcc-1252731Read more at {Source}

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