MCLEAN, VA-(Marketwired - Jan 8, 2015) - ( OTCQB: FMCC) today released the results of its ® (PMMS®), showing average fixed mortgage rates starting 2015 by diving amid sliding bond yields to their lowest level since May 23, 2013, when the 30-year fixed averaged 3.59 percent. News Facts. (FRM) averaged 3.73 percent with an average 0.6 point for the week ending January 8, 2014, down from last week when it averaged 3.87 percent. A year ago at this time, the 30-year FRM averaged 4.51 percent. this week averaged 3.05 percent with an average 0.5 point, down from last week when it averaged 3.15 percent.
A year ago at this time, the 15-year FRM averaged 3.56 percent. (ARM) averaged 2.98 percent this week with an average 0.5 point, down from last week when it averaged 3.01 percent. A year ago, the 5-year ARM averaged 3.15 percent.
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averaged 2.39 percent this week with an average 0.4 point, down from last week when it averaged 2.40 percent. At this time last year, the 1-year ARM averaged 2.56 percent. Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage.
Visit the following links for the. Borrowers may still pay closing costs which are not included in the survey.
Quotes Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac. 'Mortgage rates fell to begin the year as 10-year Treasury slid beneath 2 percent for the first time in three months. Meanwhile, the Fed indicated ongoing discussion regarding the timing of the first rate hike. Of the few economic releases this week, ADP Research Institute the private sector added an estimated 241,000 jobs in December, which exceeded market expectations and followed an upward revision of 19,000 jobs in November.' Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets.
Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Additional information is available at, Twitter and Freddie Mac's blog. The financial and other information contained in the documents that may be accessed on this page speaks only as of the date of those documents.
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The information could be out of date and no longer accurate. Freddie Mac does not undertake an obligation, and disclaims any duty, to update any of the information in those documents.
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Freddie Mac's future performance, including financial performance, is subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect the company's future results are discussed more fully in our reports filed with the SEC.