May 2: Market Risk – US M ortgage Rates Little Changed as Risk of Inflation Continues to Cause Concern
Location: McLean
Author:
Date: Friday, May 2, 2008
Freddie Mac yesterday released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.06 percent with an average 0.5 point for the week ending May 1, 2008, upfrom last week when it averaged 6.03 percent. Last year at this time, the 30-year FRM averaged 6.16 percent.
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