Mortgage rates drift very slightly higher this week
Frediemac.com, February 9th, 2006
Freddie Mac (NYSE:FRE) today released the results of its Primary
Mortgage Market SurveySM (PMMSSM) in which the 30-year fixed-rate
mortgage (FRM) averaged 6.24 percent, with an average 0.6 point, for
the week ending February 9, 2006, up from last week's average of 6.23
percent. Last year at this time, the 30-year FRM averaged 5.57
percent.
The average for the 15-year FRM this week is 5.83 percent, with an
average 0.6 point, up from last week's average of 5.81 percent. A
year ago, the 15-year FRM averaged 5.10 percent.
Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs)
averaged 5.89 percent this week, with an average 0.7 point, up from
last week when it averaged 5.87 percent. A year ago, the
five-year ARM averaged 4.99 percent.
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