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by CareyBot

Adjustable-rate mortgage loans hit new lows this week and fixed-rate mortgages remained near historic lows for a fifth consecutive week, Freddie Mac said in releasing the results of its weekly Primary Mortgage Market Survey.Looking back a week, a separate survey by the Mortgage Bankers Association showed demand for purchase loans falling by a seasonally adjusted 0.8 percent from the week before.The MBA's Weekly Mortgage Applications Survey for the week ending Nov. 25 -- which also included an adjustment to account for the Thanksgiving holiday -- showed demand for purchase loans was down 18.2 percent from the same week a year ago.Freddie Mac's survey showed rates on 30-year fixed-rate mortgage (FRM) averaging 4 percent with an average 0.7 point for the week ending Dec. 1, up from 3.98 perce...