{"id":766,"date":"2010-08-09T18:06:53","date_gmt":"2010-08-10T01:06:53","guid":{"rendered":"http:\/\/www.swproperties.com\/new-mexico-news\/?p=766"},"modified":"2010-08-09T18:06:53","modified_gmt":"2010-08-10T01:06:53","slug":"mortgage-rates-down-again-as-gdp-is-revised-lower","status":"publish","type":"post","link":"https:\/\/www.swproperties.com\/new-mexico-news\/uncategorized\/mortgage-rates-down-again-as-gdp-is-revised-lower\/","title":{"rendered":"Mortgage Rates Down Again as GDP is Revised Lower"},"content":{"rendered":"<p>McLean, VA \u2013 Freddie Mac (OTC: FMCC) today released the  results of  its Primary Mortgage Market Survey\u00ae (PMMS\u00ae), with the 30-year and  15-year fixed-rate mortgages  reaching record lows for this survey. (The  30-year fixed-rate survey began in  1971, and the 15-year began in  1991.)  The 5-year adjustable rate mortgage also reached its lowest  level since  Freddie Mac began tracking it in 2005.<\/p>\n<h3>News Facts<\/h3>\n<ul>\n<li>30-year fixed-rate mortgage (FRM) averaged 4.49 percent  with an  average 0.7 point for the week ending August 5, 2010, down from  last  week when it averaged 4.54 percent.  Last year at this time, the 30-year  FRM averaged 5.22 percent.<\/li>\n<li>15-year FRM this week averaged a record low of 3.95  percent with  an average 0.6 point, down from last week when it averaged  4.00  percent. A year ago at this  time, the 15-year FRM averaged 4.63  percent.<\/li>\n<li>5-year Treasury-indexed hybrid adjustable-rate mortgage  (ARM)  averaged 3.63 percent this week, with an average 0.6 point, down from   last week when it averaged 3.76 percent.  A year ago, the 5-year ARM  averaged 4.73 percent.<\/li>\n<li>1-year Treasury-indexed ARM averaged 3.55 percent this  week with  an average 0.7 point, down from last week when it averaged  3.64  percent. At this time last year,  the 1-year ARM averaged 4.78 percent .<\/li>\n<\/ul>\n<h3>Quotes<\/h3>\n<p>Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac.<\/p>\n<ul>\n<li>&#8220;And yet again,       interest rates for fixed-rate mortgages and  now the hybrid 5-year ARM fell       to all-time record lows this week  following the second quarter <a href=\"http:\/\/www.bea.gov\/\" target=\"_blank\">GDP release<\/a> .  Annual revisions cut the cumulative GDP growth in half over       the  past three years ending in the first quarter of 2010 from 1.4 percent        to 0.6 percent. This reduces inflationary pressures and allows  longer-term       rates room to ease.<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li>&#8220;More recently, housing       investment picked up in the second  quarter of this year as the homebuyer       tax credit spurred new and  existing sales and low mortgage rates       encouraged remodeling. Fixed        residential investment added 0.6 percentage points to second  quarter real       GDP growth following two quarters of decline.&#8221;<\/li>\n<\/ul>\n<p>Freddie Mac was established by Congress in 1970 to provide liquidity,  stability and affordability to the nation&#8217;s residential mortgage  markets. Freddie Mac supports communities across the nation by providing  mortgage capital to lenders. Over the years, Freddie Mac has made home  possible for one in six homebuyers and more than five million renters.<\/p>\n<p>For additional details, <a href=\"http:\/\/www.freddiemac.com\/pmms\/release.html?week=31&amp;year=2010\" target=\"_self\">click here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>McLean, VA \u2013 Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey\u00ae (PMMS\u00ae), with the 30-year and 15-year fixed-rate mortgages reaching record lows for this survey. (The 30-year fixed-rate survey began in 1971, and the 15-year began in 1991.) The 5-year adjustable rate mortgage also reached its lowest level since &hellip; <a href=\"https:\/\/www.swproperties.com\/new-mexico-news\/uncategorized\/mortgage-rates-down-again-as-gdp-is-revised-lower\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Mortgage Rates Down Again as GDP is Revised Lower&#8221;<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-766","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mortgage Rates Down Again as GDP is Revised Lower - Southwest Properties, Inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.swproperties.com\/new-mexico-news\/uncategorized\/mortgage-rates-down-again-as-gdp-is-revised-lower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mortgage Rates Down Again as GDP is Revised Lower - Southwest Properties, Inc.\" \/>\n<meta property=\"og:description\" content=\"McLean, VA \u2013 Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey\u00ae (PMMS\u00ae), with the 30-year and 15-year fixed-rate mortgages reaching record lows for this survey. (The 30-year fixed-rate survey began in 1971, and the 15-year began in 1991.) 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(The 30-year fixed-rate survey began in 1971, and the 15-year began in 1991.) The 5-year adjustable rate mortgage also reached its lowest level since &hellip; Continue reading \"Mortgage Rates Down Again as GDP is Revised Lower\"","og_url":"https:\/\/www.swproperties.com\/new-mexico-news\/uncategorized\/mortgage-rates-down-again-as-gdp-is-revised-lower\/","og_site_name":"Southwest Properties, Inc.","article_published_time":"2010-08-10T01:06:53+00:00","author":"lydia","twitter_card":"summary_large_image","twitter_misc":{"Written by":"lydia","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.swproperties.com\/new-mexico-news\/uncategorized\/mortgage-rates-down-again-as-gdp-is-revised-lower\/#article","isPartOf":{"@id":"https:\/\/www.swproperties.com\/new-mexico-news\/uncategorized\/mortgage-rates-down-again-as-gdp-is-revised-lower\/"},"author":{"name":"lydia","@id":"https:\/\/www.swproperties.com\/new-mexico-news\/#\/schema\/person\/0078df1520506dc4059f304cf336b722"},"headline":"Mortgage Rates Down Again as GDP is Revised Lower","datePublished":"2010-08-10T01:06:53+00:00","mainEntityOfPage":{"@id":"https:\/\/www.swproperties.com\/new-mexico-news\/uncategorized\/mortgage-rates-down-again-as-gdp-is-revised-lower\/"},"wordCount":372,"inLanguage":"en"},{"@type":"WebPage","@id":"https:\/\/www.swproperties.com\/new-mexico-news\/uncategorized\/mortgage-rates-down-again-as-gdp-is-revised-lower\/","url":"https:\/\/www.swproperties.com\/new-mexico-news\/uncategorized\/mortgage-rates-down-again-as-gdp-is-revised-lower\/","name":"Mortgage Rates Down Again as GDP is Revised Lower - Southwest Properties, Inc.","isPartOf":{"@id":"https:\/\/www.swproperties.com\/new-mexico-news\/#website"},"datePublished":"2010-08-10T01:06:53+00:00","author":{"@id":"https:\/\/www.swproperties.com\/new-mexico-news\/#\/schema\/person\/0078df1520506dc4059f304cf336b722"},"breadcrumb":{"@id":"https:\/\/www.swproperties.com\/new-mexico-news\/uncategorized\/mortgage-rates-down-again-as-gdp-is-revised-lower\/#breadcrumb"},"inLanguage":"en","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.swproperties.com\/new-mexico-news\/uncategorized\/mortgage-rates-down-again-as-gdp-is-revised-lower\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.swproperties.com\/new-mexico-news\/uncategorized\/mortgage-rates-down-again-as-gdp-is-revised-lower\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.swproperties.com\/new-mexico-news\/"},{"@type":"ListItem","position":2,"name":"Mortgage Rates Down Again as GDP is Revised Lower"}]},{"@type":"WebSite","@id":"https:\/\/www.swproperties.com\/new-mexico-news\/#website","url":"https:\/\/www.swproperties.com\/new-mexico-news\/","name":"Southwest Properties, Inc.","description":"New Mexico Land News and Real Estate Info","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.swproperties.com\/new-mexico-news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en"},{"@type":"Person","@id":"https:\/\/www.swproperties.com\/new-mexico-news\/#\/schema\/person\/0078df1520506dc4059f304cf336b722","name":"lydia","image":{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/www.swproperties.com\/new-mexico-news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c9efd7dfa73bf6e5e3d529da63b55ffa980bc8b94a11c62b97d512d3a438c877?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c9efd7dfa73bf6e5e3d529da63b55ffa980bc8b94a11c62b97d512d3a438c877?s=96&d=mm&r=g","caption":"lydia"},"url":"https:\/\/www.swproperties.com\/new-mexico-news\/author\/lydia\/"}]}},"_links":{"self":[{"href":"https:\/\/www.swproperties.com\/new-mexico-news\/wp-json\/wp\/v2\/posts\/766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swproperties.com\/new-mexico-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swproperties.com\/new-mexico-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swproperties.com\/new-mexico-news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swproperties.com\/new-mexico-news\/wp-json\/wp\/v2\/comments?post=766"}],"version-history":[{"count":0,"href":"https:\/\/www.swproperties.com\/new-mexico-news\/wp-json\/wp\/v2\/posts\/766\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swproperties.com\/new-mexico-news\/wp-json\/wp\/v2\/media?parent=766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swproperties.com\/new-mexico-news\/wp-json\/wp\/v2\/categories?post=766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swproperties.com\/new-mexico-news\/wp-json\/wp\/v2\/tags?post=766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}