Freddie Mac's mortgage rates

Freddie Mac’s mortgage rates

Freddie Mac said on Thursday that the average rates on a 30 year fixed mortgage ticked up this week like the lowest in the year.
The average rate rose to a 4.79 percent up from 4.78 percent last week. These rates have fallen further and because the European turmoil, investors have shifted money into the U.S Treasury bonds; the mortgage rates tend to track the interest paid on long –term Treasury bonds. Join rate on a 15 yr fixed rate mortgage hit a record low of 4.20 percent which is down from last week when it was at 4.21 percent, and rates on a five-year, adjustable-rate mortgages averaged a 3.94 percent, down from 3.97 last week.
The nationwide fee from Freddie Mac’s survey averaged 0.8 of a point for 30-year fixed rate loans and 0.7 of a point for 5-year, 5-year loans and 1-year loans.