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Len & Leslie Marma's Blog

By Len & Leslie Marma | Agent in Marshfield, MA

Breaking: Mortgage Rates Hit New All-Time Low

BREAKING: Mortgage rates hit new all-time low

Mortgage rates continued to decline last week with the 30-year, fixed-rate mortgage hitting a new all-time low of 3.34%.

That is down from 3.40% a week earlier and a drop from 4% last year, according to the latest Freddie Mac Primary Mortgage Market Survey.

Rates fell again to record lows as consumer confidence picked up and wholesale prices declined, the GSE said.

The 15-year, FRM hit 2.65%, down from 2.69% a week earlier and a decline from 3.31% last year.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage went the opposite direction, edging up a bit to 2.74% from 2.73% a week earlier.

The one-year Treasury-indexed ARM averaged 2.55%, which is down from 2.59% a week earlier and is much lower than 2.98% last year.

kpanchuk@housingwire.com

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