Fixed Mortgage Rates Rebound Higher

Julie C. Nichols General

MCLEAN, VA–(Marketwired – Nov 7, 2013) – Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates moving higher for the first time in three weeks amid more positive economic data out of the manufacturing and non-manufacturing sectors.

• 30-year fixed-rate mortgage (FRM) averaged 4.16 percent with an average 0.8 point for the week ending November 7, 2013, up from last week when it averaged 4.10 percent. A year ago at this time, the 30-year FRM averaged 3.40 percent.

• 15-year FRM this week averaged 3.27 percent with an average 0.7 point, up from last week when it averaged 3.20 percent. A year ago at this time, the 15-year FRM averaged 2.69 percent.

• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.96 percent this week with an average 0.5 point, unchanged from last week. A year ago, the 5-year ARM averaged 2.73 percent.

• 1-year Treasury-indexed ARM averaged 2.61 percent this week with an average 0.5 point, down from last week when it averaged 2.64 percent. At this time last year, the 1-year ARM averaged 2.59 percent.

>>Read More: http://www.freddiemac.com/news/finance/index.html