5 year ARM at record low

 The 30-year fixed-rate mortgage averaged 4.75% for the week ending June 17, up from 4.72% last week, according to Freddie Mac’s weekly survey of conforming Mortgage rates , released on Thursday. Fifteen-year fixed-rate mortgages also inched up, averaging 4.20%, up from 4.17% last week. But 5-year Treasury-indexed hybrid adjustable-rate mortgages hit a record low, averaging 3.89%, and 1-year ARMs fell to 3.82%, the lowest they have been since May 2004. “Mortgage rates were little changed this week amid preliminary signs that the expiration of the home-buyer tax credit in April may have led to a slowdown in new construction,” said Frank Nothaft, Freddie Mac vice president and chief economist, in a news release.

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