New mortgage rate record lows

Consumers change habitsl

Mortgage interest rates for 30-year, conforming, fixed-rate mortgages (FRMs) for the week ending July 1 averaged 4.58 percent, according to Freddie Mac's weekly Primary Mortgage Market Survey.

by Broderick Perkins
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Deadline Newsroom - Like last week, all but one mortgage rate tracked weekly by Freddie Mac hit an all time record low this week.

Mortgage interest rates for 30-year, conforming, fixed-rate mortgages (FRMs) for the week ending July 1 averaged 4.58 percent, according to Freddie Mac's weekly Primary Mortgage Market Survey.

The July 1 average 30-year rate came with an average 0.7 point and was down from 4.69 percent last week and 5.32 percent a year ago.

The 15-year FRM, this week, averaged 4.04 percent with an average 0.7 point, down from last week when it averaged 4.13 percent. A year ago at this time, the 15-year FRM averaged 4.77 percent, Freddie Mac reported.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.79 percent this week, with an average 0.7 point, down from last week's 3.84 percent average. A year ago, the 5-year ARM averaged 4.88 percent.

Freddie Mac reported the 1-year Treasury-indexed ARM averaged 3.80 percent this week with an average 0.7 point, up from last week's 3.77 percent average. At this time last year, the 1-year ARM averaged 4.94 percent.

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