Question:

What are the most recent mortgage rates Freddie Mac released?

Answer:

As of April 17, 2008 the most recent mortgage rates Freddie Mac released in a survey are as follow:

  • 30-year fixed-rate mortgage (FRM) - 5.88 % average. Compared to April 2007, FRMs were 6.17% at that time.
  • 15-year fixed rate mortgage (FRM) - 5.40% avg. In April 2007 - 5.89%.
  • 5-year Treasury-indexed hybrid adjustable rate mortgage loans (ARMs) 5.48%. A year ago - 5.92%.
  • 1-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averages 5.10%. Last year in April - 5.45%.

Fixed rate mortgage loan rates show some stability, while ARM rates are going down.

Daily mortgage rates feeds are available free online for all major mortgage types and from all lenders. More specific mortgage details and history can be received upon subscription to financial and mortgage websites.

Mortgage rates hit their lowest since 1955. Ask the home loan experts we recommend Quicken Loans how to take advantage of them.
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