Sunday, April 17, 2005

Rates Drop Again This Week

Freddie Mac's Primary Market Mortgage Survey: "
LONG-TERM MORTGAGE RATES TAKE A DIP

One-Year Arm Rises, While Five-Year ARM Eases Slightly

McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market SurveySM (PMMSSM) in which the 30-year fixed-rate mortgage (FRM) averaged 5.91 percent, with an average 0.7 points, for the week ending April 14, 2005, down from last week when it averaged 5.93 percent. Last year at this time, the 30-year FRM averaged 5.89 percent."

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