Tri-Cities Washington Real Estate News & Blog

Tri City Wa Real Estate ~ Long Term Mortgage Rates Lowest Since First of the Year* 
McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 6.18 percent with an average 0.5 point for the week ending November 22, 2006, down from last week when it averaged 6.24 percent. Last year at this time, the 30-year FRM averaged 6.28 percent. This is the lowest the 30-year FRM has been since the week ending January 26, 2006, when it averaged 6.12 percent. The 15-year FRM this week averaged 5.91 percent with an average 0.5 point, down from last week when it averaged 5.94 percent. A year ago, the 15-year FRM averaged 5.81 percent. This is the lowest the 15-year FRM has been since the week ending March 2, 2006 when it averaged 5.89 percent Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) averaged 5.99 percent this week, with an average 0.6 point, down from last week when it averaged 6.04 percent. A year ago, the five-year ARM averaged 5.75 percent. This is the lowest the 5-year ARM has been since the week ending March 16, 2006, when it averaged 5.93 percent. One-year Treasury-indexed ARMs averaged 5.49 percent this week with an average 0.6 point, down from last week when it averaged 5.53 percent. At this time last year, the one-year ARM averaged 5.14 percent. 

Consider Tri City Wa Real Estate Today.  *Washington REALTORS® ~ www.warealtor.org

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