Mortgage Rates Drop Slightly and Draw Closer to Four Percent Mark | Mortgage News | Daily National and State Headlines

15 09 2011

Mortgage Rates Drop Slightly and Draw Closer to Four Percent Mark

Thu, 2011-09-15 11:19 — NationalMortgag…

According to the latest Primary Mortgage Market Survey (PMMS) from Freddie Mac, fixed-rate mortgages remain near their 60-year lows, as ongoing investor concerns over the European debt market kept Treasury bond yields low. The 30-year fixed-rate mortgage (FRM) averaged 4.09 percent, with an average 0.7 point for the week ending Sept. 15, 2011, down from last week when it averaged 4.12 percent. Last year at this time, the 30-year FRM averaged 4.37 percent. The 15-year FRM averaged 3.30 percent this week, with an average 0.6 point, down from last week when it averaged 3.33 percent. A year ago at this time, the 15-year FRM averaged 3.82 percent.

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via Mortgage Rates Drop Slightly and Draw Closer to Four Percent Mark | Mortgage News | Daily National and State Headlines.

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