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.
Recommended helpful present and future homeowners links:
Why: Refinance to a fixed rate loan while mortgage rates are still low.
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Why: Because FHA loans are insured by the US Federal Government they have very competitive interest rates and are easier to qualify.
Link:
Link:
Why: Know and protect your credit report and score.
Link: See All 3 National Credit Scores & 3 Reports Instantly, Online & Free
Link: See All 3 National Credit Scores & 3 Reports Instantly, Online & Free
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Common misspellings: mortage and morgage