30-Year Fixed-Rate Mortgage is Up Slightly for Second Week
30-year fixed-rate mortgage (FRM) averaged 4.86 percent with an average 0.7 point for the week ending March 31, 2011. This is up from last week when it averaged 4.81 percent. At this time last year, the 30-year FRM average 5.08 percent.
15-year FRM this week averaged 4.09 percent with an average 0.7 point, up from last week when it averaged 4.04 percent. At this time last year, the 15-year FRM averaged 4.39 percent.
5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.70 percent this week, with an average 0.7 point. This is up from last week when it average 3.62 percent. At this time last year, the 5-year ARM averaged 4.10 percent.
1-year Treasury-index ARM average 3.26 percent this week with an average 0.6 point, up from last week when it averaged 3.21 percent. At this time last year, the 1-year ARM averaged 4.05 percent.