30-year fixed rate mortgage (FRM) averaged 4.22 percent with an average 0.7 point for the week ending September 1, 2011, matching the previous week when it also averaged 4.22 percent. Last year at this time, the 30-year FRM averaged 4.32 percent.
15-year FRM this week averaged 3.39 percent with an average 0.6 point, down the previous week when it averaged 3.44 percent. A year ago at this time, the 15-year FRM averaged 3.83 percent.
5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.96 percent this week, with an average 0.6 point, down from the previous week when it averaged 3.07 percent. A year ago, the 5-year ARM averaged 3.54 percent.
1-year Treasury-indexed ARM averaged 2.89 percent this week with an average 0.6 point, down from the previous week when it averaged 2.93 percent. At this time last year, the 1-year ARM averaged 3.50 percent.
