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Tacoma Real Estate Mortgage Rates

Below is the latest mortgage news provided by Freddie Mac.

Mortgage Rates

Most Mortgage Rates Recede This Week, One-Year ARM Rises
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 4.82 percent with an average 0.6 point for the week ending April 16, 2009, down from last week when it averaged 4.87 percent. Last year at this time, the 30-year FRM averaged 5.88 percent.

The 15-year FRM this week averaged 4.48 percent with an average 0.6 point, down from last week when it averaged 4.54 percent. A year ago at this time, the 15-year FRM averaged 5.40 percent. This is the lowest the 15-year FRM has been since Freddie Mac began tracking it in August 1991.

Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) averaged 4.88 percent this week, with an average 0.6 point, down from last week when it averaged 4.93 percent. A year ago, the 5-year ARM averaged 5.48 percent. This is the lowest the 5-year ARM has been since Freddie Mac began tracking it in January 2005.

One-year Treasury-indexed ARMs averaged 4.91 percent this week with an average 0.7 point, up from last week when it averaged 4.83 percent. At this time last year, the 1-year ARM averaged 5.10 percent.

source: Washington Realtors

The Trey Affolter Team, Keller Williams Realty, always welcomes comments and is available to answer questions about Tacoma Real Estate and the surrounding cities within Pierce County Real Estate, South King County Real Estate, and North Thurston County Real Estate. 

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http://www.TreySellsHouses.com

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