Listing Manager

Categories

• Client Reviews
• Do-It-Yourself Home Tips
• Featured Listings
• Insurance
• Market Report
• Mortgage and Finance
• Open Houses
• Question of the Day
• Real Estate
  • Buyer Advice
  • Seller Advice
• Rental Information
  • Cabin Rentals
• Upcoming Events
• What To Do
• What To See
• Where To Eat
• Where To Shop
• Where To Stay

Archived Posts

Get Our Mobile App

Sign up for our Email Newsletter

Employment Report Causes Little Change In Mortgage Rates

said on October 17th, 2012 filed under: Mortgage and Finance

Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates edging slightly higher while remaining near their all-time record lows coming off the employment report for September.

The 30-year fixed-rate mortgage (FRM) averaged 3.39 percent with an average 0.7 point for the week ending October 11, 2012, up from last week when it averaged 3.36 percent. Last year at this time, the 30-year FRM averaged 4.12 percent.

Survey results showed that the 15-year FRM this week averaged 2.70 percent with an average 0.6 point, up from last week when it averaged 2.69 percent. A year ago at this time, the 15-year FRM averaged 3.37 percent.

Additionally, the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.73 percent this week with an average 0.6 point, up from last week when it averaged 2.72 percent. A year ago, the 5-year ARM averaged 3.06 percent.

The 1-year Treasury-indexed ARM averaged 2.59 percent this week with an average 0.4 point, up from last week when it averaged 2.57 percent. last week. At this time last year, the 1-year ARM averaged 2.90 percent.

“Mortgage rates were little changed this holiday week following the employment report for September,” says Frank Nothaft , vice president and chief economist, Freddie Mac. “Payroll employment increased by 114,000 workers, although manufacturing jobs dipped for the second month in a row. Employment in the prior two months was revised up 86,000 and the unemployment rate fell to 7.8 percent, marking the lowest rate since January 2009.”

For more information, visit www.FreddieMac.com.

• Bio
• Twitter
• Facebook
• Google+
• LinkedIn
• Latest Posts

Chad Lariscy

Team Leader | Owner at The Mountain Life Team

@themountainlife

Chad Lariscy, a Local Professional Realtor in the Beautiful North Georgia Mountains and Team Owner of The Mountain Life Team of Keller Williams Realty.

One of my favorite parks in the North Georgia Mountains is Union County’s Meeks Park. June 7th and 8th, the... http://t.co/3GihnJJWaU - 2 hours ago

Follow @themountainlife

+Chad Lariscy

Latest posts by Chad Lariscy (see all)

• Zeroing in on the Right Georgia Mountain Home For Sale - May 23, 2013
• REO Bargains in Blue Ridge GA Take Thorough Assessment - May 23, 2013
• Pre-Inspection Reports Help Georgia Mountain Listings Stand Out - May 16, 2013

posted by Chad Lariscy

This entry was posted on Wednesday, October 17th, 2012 at 5:11 PM and is filed under Mortgage and Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply

The Mountain Life Team

Our Featured Listings

Foreclosures