US Mortgage Rates Inched Lower in First Week of 2010
US mortgage rates inched lower in the first week of 2010, according to Freddie Mac's Primary Mortgage Market Survey (PMMS) for the week ending January 7.
According to the results of the survey, rates for US 30-year fixed-rate mortgages averaged 5.09% in the week ending January 7, 2010, 5 basis points down from the previous week when they averaged 5.14%, and 8 basis points higher on a year-over-year basis.
Similarly, rates for 15-year fixed-rate mortgages were 4 basis points down from the previous week's average rate of 4.54%, and 12 basis points higher on a year-over-year basis.
The average rate for 5-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) remained unchanged from previous week at 4.44%, while the average rate for 1-year Treasury-indexed ARMs decreased 2 basis points from previous week's average to reach 4.31%.
If you have an interesting comment in relation to this article please use the form below Related Posts to submit it. Please read submission guidelines before writing and submitting your comment.
According to the results of the survey, rates for US 30-year fixed-rate mortgages averaged 5.09% in the week ending January 7, 2010, 5 basis points down from the previous week when they averaged 5.14%, and 8 basis points higher on a year-over-year basis. 
