Just Listed brings you the latest news and information from the Twin Cities-area commercial and residential real estate market and beyond from veteran reporters Jim Buchta and Janet Moore.

For the third week in a row, mortgage rates slipped to near-record lows

Posted by: Jim Buchta under Buying Updated: April 19, 2013 - 3:05 PM

For the third week in a row, mortgage interest rates across the country slipped to near-record lows, according to several weekly measures. Here are the national averages from Freddie Mac for the week ending April 18:

  • The 30-year fixed-rate mortgage averaged 3.41 percent with an average 0.7 point , down from last week when it averaged 3.43 percent and 3.90 percent last year.
  •  The 15-year fixed-rate mortgage averaged 2.64 percent with an average 0.7 point, down from last week when it averaged 2.65 percent and 3.13 percent last year.
  • The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.60 percent with an average 0.5 point, down from last week when it averaged 2.62 percent and 2.78 percent last year.
  • The 1-year Treasury-indexed adjustable-rate mortgage averaged 2.63 percent with an average 0.4 point, up from last week when it averaged 2.62 percent. Last year, the 1-year ARM averaged 2.81 percent.

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