After a six-week streak of record-setting lows, Freddie Mac's average fixed-rate mortgage (FRM) data has finally trended upwards.
According to Freddie Mac, the 30-year FRM averaged 3.71% with an average 0.7 point for the week ending June 14, up from last week when it averaged 3.67%. Last year at this time, the 30-year FRM averaged 4.5%.Â
The 15-year FRM this week averaged 2.98% with an average 0.7 point, up from last week when it averaged 2.94%. A year ago at this time, the 15-year FRM averaged 3.67%.Â
The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.8% this week, with an average 0.6 point, down from last week when it averaged 2.84%. A year ago, it averaged 3.27%.
The one-year Treasury-indexed ARM averaged 2.78% this week with an average 0.5 point, down from last week when it averaged 2.79%. At this time last year, it averaged 2.97%.