Long-Term Rates Down for Third Consecutive Week

Bill Hitchcock

FreddieMacLogoLong-Term Rates Down for Third Consecutive Week
Shorter-Term Rates Are Mixed

McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.04 percent with an average 0.7 point for the week ending September 17, 2009, down from last week when it averaged 5.07 percent. Last year at this time, the 30-year FRM averaged 5.78 percent. The last time the 30-year FRM was lower was the week ending May 28, 2009, when it averaged 4.91 percent.
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Author’s Yougler Profile is at  Bill Hitchcock.

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