30-Year Fixed-Rate Mortgage Averages 3.40 Percent

30-Year Fixed-Rate Mortgage Averages 3.40 Percent 
MCLEAN, VA -- (Marketwire) -- 01/10/13 --  Freddie Mac (OTCBB: FMCC)
today released the results of its Primary Mortgage Market Survey(R)
(PMMS(R)), showing fixed mortgage rates moving higher following
December's employment report. The 30-year fixed averaged 3.40
percent, its highest reading in eight weeks. The all-time record low
for the average 30-year fixed was 3.31 percent set November 21, 2012. 
News Facts 

--  30-year fixed-rate mortgage (FRM) averaged 3.40 percent with an
    average 0.7 point for the week ending January 10, 2013, up from last
    week when it averaged 3.34 percent. Last year at this time, the
    30-year FRM averaged 3.89 percent.
--  15-year FRM this week averaged 2.66 percent with an average 0.7 point,
    up from last week when it averaged 2.64 percent. A year ago at 
    time, the 15-year FRM averaged 3.16 percent.
--  5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged
    2.67 percent this week with an average 0.6 point, down from last week
    when it averaged 2.71 percent. A year ago, the 5-year ARM averaged
    2.82 percent.
--  1-year Treasury-indexed ARM averaged 2.60 percent this week with an
    average 0.5 point, up from last week when it averaged 2.57. At this
    time last year, the 1-year ARM averaged 2.76 percent.

Average commitment rates should be reported along with average fees and
points to reflect the total upfront cost of obtaining the mortgage.
Visit the following links for Regional and National Mortgage Rate
Details and Definitions. Borrowers may still pay closing costs which
are not included in the survey. 
 Attributed to Frank Nothaft,
vice president and chief economist, Freddie Mac.  
"Fixed mortgage rates increased slightly following a positive
employment report for December. The economy added 155,000 jobs, above
the consensus market forecast, and November's job growth was revised
upward by another 24,000 workers. This helped keep the unemployment
rate steady at 7.8 percent, the lowest since December 2008. For all
of 2012, 1.86 million jobs were created and represented the largest
annual gain since 2006." 
Get the latest information from Freddie Mac's Office of the Chief
Economist on Twitter: @FreddieMac 
Freddie Mac was established by Congress in 1970 to provide liquidity,
stability and affordability to the nation's residential mortgage
markets. Freddie Mac supports communities across the nation by
providing mortgage capital to lenders. Today Freddie Mac is making
home possible for one in four homebuyers and is one of the largest
sources of financing for multifamily housing. www.FreddieMac.com.  
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2198631 
Chad Wandler
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