Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.14 percent with an average 0.7 point for the week ending Aug. 27, 2009, up from last week when it averaged 5.12 percent. Last year at this time, the 30-year FRM averaged 6.40 percent. The 15-year FRM this week averaged 4.58 percent with an average 0.7 point, up from last week when it averaged 4.56 percent. A year ago at this time, the 15-year FRM averaged 5.93 percent.Read more

More state and national mortgage news and mortgage press releases:

1. Low rates equate to increased affordability according to Freddie Mac PMMS Freddie Mac has released the results of its Primary...
2. Freddie Mac PMMS: Rates down to lowest level in three months Freddie Mac has released the results of its Primary...
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5. 30-year FRM lowest in four months according to Freddie Mac PMMS Freddie Mac has released the results of its Primary...

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