Primary Mortgage Market Survey Rates Highest since April 2010

Mortgage rates rise again to the highest level since April 2010

Primary Mortgage Market Survey

Here is a clip from a report by Xinhua – quote – The U.S. 30-year fixed-rate mortgage (FRM) this week rose to the highest point since April 2010, showed the Primary Mortgage Market Survey released Thursday by Freddie Mac.

Freddie Mac said that the 30-year FRM averaged 5.05 percent for the week ending Feb. 10, 2011, up from last week when it averaged 4.81 percent. Last year at this time, the 30-year FRM averaged 4.97 percent.

The 15-year FRM this week was 4.29 percent, up from the previous week’s 4.08 percent. A year ago at this time, the 15-year FRM averaged 4.34 percent.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.92 percent, up from the prior week’s 3.69 percent, the company said.

 More of the same news but we only publish how the market is – which of course is not how we would like the market to be – which would be buoyant – vibrant and profitable – the reality is that right now the market is dead – littered with millions in losses and projecting a very negative and uncertain future!

 

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