30-Year Fixed Rate Mortgages
Once again, 30-year fixed rate mortgages hit a new all-time record low. According to Freddie Mac’s Primary Mortgage Market Survey (PMMS) the 30-year fixed-rate mortgage (FRM) averaged 3.75 percent for the week ending May 31, 2012 – down from last week when it averaged 3.78 percent.
15-Year Fixed Rate Mortgages
The 15-year FRM also reached a new all-time record low. The 15-year fixed rate mortgage averaged 2.97 percent for the week – down from last week when it averaged 3.04 percent.
5-Year Adjustable Rate Mortgages
The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.84 percent – up slightly from last week when it averaged 2.83 percent.
1-Year Adjustable Rate Mortgages
Also this week, the one-year Treasury-indexed ARM held steady at 2.75 percent last week.
Contact a licensed mortgage loan professional to take advantage of these historically low mortgage rates. Find an Inlanta Mortgage professional near you.
Original Source: Freddie Mac
Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.
Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016. Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.