Mortgage ante confused actual little during the anniversary concluded February 26 from the averages of the antecedent anniversary according to the after-effects of the Primary Mortgage Bazaar Survey appear Thursday morning by Freddie Mac.

The 30-year fixed-rate mortgage (FRM) added from 5.04 percent to an boilerplate amount of 5.07

percent for the week. Fees and credibility were banausic at 0.7 point.

The 15-year FRM was banausic at 4.68 percent with 0.7 point.

The five-year Treasury-indexed amalgam adjustable-rate mortgages (ARMs) averaged 5.06 percent during the anniversary compared to 5.04 percent for the anniversary concluded February 19. Fees and credibility aswell added from 0.6 to 0.7 point.

One-year Treasury-indexed ARMs added one base point to 4.81 percent. Fees and credibility grew from 0.5 to 0.6 point.

According to Frank Nothaft, Freddie Mac carnality admiral and arch economist, "Mortgage ante were little afflicted this anniversary amidst alloyed abstracts letters of a slowing economy. Both the amount Producer Amount and Customer Amount Indexes ticked up in January, college than the bazaar consensus, while customer aplomb in February fell to the everyman account back annal began in January 1967.

"Lower abode prices and affordable mortgage ante accept yet to activation apartment demand. For instance, abode prices beneath by 8.7 percent for the 12 months catastrophe in December 2008 and were down 10.9 percent from their highs set ion April of 2007, according to the Federal Apartment Finance Agency's purchase-only account home amount index. However, absolute home sales (excluding condominiums and co-ops) fell 4.7 percent in January to 4.05 actor units (annualized), the slowest clip back July 1997."

Earlier in the anniversary Fannie Mae appear abstracts on its yields for the anniversary concluded February 23. Fannie Mae yields are quoted on a net base and do not cover application fees.

Conventional 30-year FRMs averaged 4.65 percent compared to an boilerplate of 4.59 percent a anniversary earlier. The 15-year accepted FRM confused alone hardly from 4.15 to 4.17. Government affirmed FHA/VA 30-year mortgages averaged 6.28 percent adjoin 6.18 percent one anniversary earlier.

The one-year ARM remained at an boilerplate of 4.44 percent, the aforementioned as the antecedent advertisement period.