Industry News

Real estate rates hit 3-month lows

Fed keeps watch on rising oil, consumer prices
Published on Jan 19, 2006

Mortgage rates dropped for the sixth consecutive week despite signs of possibly unsettling inflation data, according to surveys conducted by Freddie Mac and Bankrate.com. In Freddie Mac's survey, the 30-year fixed-rate mortgage averaged 6.1 percent for the week ended today, down from last week's average of 6.15 percent. This is the lowest the 30-year fixed has been since the week ending Oct. 20, 2005, when it averaged 6.1 percent. The average for the 15-year fixed-rate mortgage this week is 5.67 percent, down from last week's average of 5.71 percent. This is the lowest the 15-year fixed has been since the week ending Oct. 20, 2005, when it averaged 5.65 percent. Points on both the 30- and 15-year averaged 0.5. The five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 5.75 percent this week, with an average 0.6 point, down very slightly from last week when it averaged 5.76 percent. The one-year Treasury-indexed ARM averaged 5.18 percent, with an average 0.6 point, up fro...

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