Mortgage interest rates largely unchanged

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Fixed-rate mortgage (FRM) interest rates fell to an average 5.07 percent, the week ending April 20, unchanced from a week ago, according to Freddie Mac's weekly Primary Mortgage Market Survey (PMMS).

by Broderick Perkins
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Deadline Newsroom - Fixed-rate mortgage (FRM) interest rates fell to an average 5.07 percent, the week ending April 20, unchanced from a week ago, according to Freddie Mac's weekly Primary Mortgage Market Survey (PMMS).

The rate included an average 0.7 point. Last year, at this time, the 30-year FRM average was 4.80 percent.

The 15-year FRM this week, averaged 4.39 percent, little changed from last week's 4.40 percent average. The rate carried an average 0.6 point. A year ago, the 15-year FRM averaged 4.48 percent.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.03 percent the week ending April 20, with an average 0.6 point, compared to 4.08 percent from last week. A year ago, the 5-year ARM averaged 4.85 percent.

The 1-year Treasury-indexed ARM averaged 4.22 percent this week, with an average 0.5 point, up from last week's 4.13 percent average, according to Freddie Mac. Last year, at this time, the 1-year ARM averaged 4.82 percent.

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