Freddie Mac: fixed mortgage rates lowered again

According to a report from Mortgage giant Freddie Mac, the US fixed rate mortgages for the third consecutive week have fallen. The US National fixed rate average interest rate on the benchmark 30-year loan term is now 6.05 percent in the week ending Thursday, lower than last than the previous weeks 6.14 percent, the same time a year ago the same deal average had an interest rate of 6.20 percent.

Other US mortgage rates dropped to like the 15-year fixed rate mortgage loan average fell to 5.73 percent from 5.81 percent from the previous week, the same time last year the same deal average was at 5.83 percent.

The Treasury-indexed hybrid adjustable-rate rive year term average mortgage rate fell to 5.87 compared with 5.98 percent a week ago but only slightly down from 5.88 percent a year ago.

The Treasury-indexed hybrid adjustable-rate one year term averaged at 5.29 percent this week, slightly lower than last week’s 5.33 percent and 5.42 percent a year ago.

Source: Marketwatch