MDH Blog | The Marin Home Blog

Rates for 30-year home loans fell to a shade below 5 percent this week, but remained above last month’s record lows.

Freddie Mac today released the results of its Primary Mortgage Market Survey in which the 30-year FRM averaged 4.98 percent with an average 0.6 point for the week ending January 28, 2010, down slightly from last week when it averaged 4.99 percent. Last year at this time, the 30-year FRM averaged 5.10 percent.

Rates for 30-year loans had dropped to a record low of 4.71 percent in early December, pushed down by an aggressive government campaign to reduce consumers’ borrowing costs.

Primary Mortgage Market Survey [Freddie Mac]

Mortgage rates start the new year slightly lower than they ended the old year.

Freddie Mac released the results of their mortgage market survey today, and the 30-year fixed mortgage averaged 5.09 percent for the week ending January 7, 2010, down from last week when it averaged 5.14 percent. Last year at this time, the 30-year FRM averaged 5.01 percent.

Current interest rates for fixed-rate mortgages are just about at their annual average for 2009, while ARM rates are considerably below their averages for last year.

Primary Mortgage Market Survey [Freddie Mac]