All Freddie Mac Survey Rates Drop, and Two Set New Records

The average weekly rate for a 30-year fixed-rate mortgage continued to slide for the fourth week in a row, and the average 15-year FRM and five-year Treasury-indexed hybrid adjustable-rate mortgage rates fell to record lows in Freddie Mac’s most recent survey.

The 30-year rate in Freddie’s survey was down a basis point from the previous week at 3.4%, the average 15-year rate was down three basis points at 2.61%, the average five-year hybrid Treasury rate was down two basis points at 2.58% and the average one-year Treasury ARM rate was down one basis point at 2.62%.

Average points during the week ending April 25 were 0.8 of a point for 30-year loans, 0.7 of a point for 15-year loans, 0.5 of a point for five-year Treasury hybrid loans and 0.3 of a point for one-year Treasury ARMs.

A year ago, the weekly average for 30-year loans was 3.88%, the weekly average for 15-year loans was 3.12%, the weekly average for five-year Treasury hybrids was 2.85% and the weekly average for one-year Treasury ARMs was 2.74%.