Freddie Mac: 30-Year FRM drop continuesFreddie Mac: 30-Year FRM drop continueshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=168172017-06-09T05:00:00Z2017-06-09T16:00:00Z​​​McLEAN, Va. – Freddie Mac's latest Primary Mortgage Market Survey showed the 30-year fixed rate mortgage (FRM) dropping for the fourth consecutive week and hitting its lowest level in nearly seven months.
  • The 30-year FRM averaged 3.89 percent with an average 0.5 point for the week ending June 8, down from last week when it averaged 3.94 percent. A year ago at this time, it averaged 3.6 percent.
  • The 15-year FRM averaged 3.16 percent with an average 0.5 point, down from last week's average of 3.19 percent. Last year, it averaged 2.87 percent.
  • Meanwhile, the five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.11 with an average 0.5 point, the same as last week. It averaged 2.82 percent a year ago.​
Freddie Mac
http://freddiemac.mwnewsroom.com/press-releases/30-year-fixed-mortgage-rate-continues-to-fall-otcqb-fmcc-1311999Read more at {Source}

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