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Home mortgage information and related news - updated frequently. A valuable resource for consumers looking for home mortgage refinancing, purchase loans, and debt consolidation loans. Also read by many mortgage industry professionals. Authored by EZ Loan Apply - provider of objective lender reviews, loan calculators, rate reports, and helpful articles – updated daily. Free lender matching service.

Thursday, March 02, 2006

Freddie Mac's weekly mortgage survey

Freddie Mac reported today that rates on 30-year, fixed-rate mortgages averaged 6.24% this week, down from 6.26% last week.

The 30-year mortgage declined for three straight weeks at the beginning of the year, then posted four straight increases, hitting a high for this year of 6.28% three weeks ago.

Rates on 15-year, fixed-rate mortgages, averaged 5.89% this week, unchanged from last week.

One-year adjustable rate mortgages edged up slightly to 5.34%, from 5.32% last week.

Rates on 5-year hybrid adjustable-rate mortgages edged up to 5.97% this week, from 5.96% last week.

A year ago, 30-year mortgages averaged 5.79%, 15-year mortgages stood at 5.33%, 1-year adjustable-rate mortgages were at 4.14% and 5-year hybrid adjustable-rate mortgages averaged 5.17%.