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Mortgage rates drop after negative jobs reportMortgage rates drop after negative jobs reporthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=134992016-06-10T05:00:00Z​McLEAN, Va. – Freddie Mac yesterday released the results of its Primary Mortgage Market Survey, which showed average fixed mortgage rates following ten-year Treasury yields were lower after the U.S. Department of Labor's May employment report​ came in below expectations.

The 30-year fixed-rate mortgage (FRM) averaged 3.6 percent with an average 0.5 point for the week ending June 9, down from last week when it averaged 3.66 percent. A year ago at this time, the 30-year FRM averaged 4.04 percent.

The 15-year FRM this week averaged 2.87 percent with an average 0.5 point, down from last week when it averaged 2.92 percent. A year ago at this time, the 15-year FRM averaged 3.25 percent.

Finally, the five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.82 percent this week with an average 0.5 point, down from last week when it averaged 2.88 percent. A year ago, the five-year ARM averaged 3.01 percent.
Freddie Mac
U.S.
Housing
http://freddiemac.mwnewsroom.com/press-releases/mortgage-rates-drop-on-negative-jobs-report-otcqb-fmcc-1263650Read more at {Source}

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