Freddie Mac Primary Mortgage Market Survey remains flat
May 9, 2008
There was little change in this week’s Freddie Mac Primary Mortgage Market Survey (PMMS) as it continues to remain fairly flat. If you look at this week’s numbers, you can see that the 30 year fixed mortgage rate moved down from 6.06% to 6.05%, while the 15 year fixed rate mortgage rate moved up from 5.59% to 5.60%. Not a substantial change.
The most movement (which again, is very slight), were in the adjustable rate mortgages (ARMs). 5/1 year ARMs decreased from 5.73% to 5.67%. And 1year ARMs held steady at 5.29%.
Comments
Got something to say?
Real Estate Quote of the Week
"Sellers, you don’t have to concede to every buyer demand. But think about at least cooperating. Look at what the impact to your bottom line is. Work with the people that are telling you they want to buy your home.
Don’t be silly."
Jay Thompson - Thompson's Realty Phoeniz AZPolls
Loading ...
