After surging during the week ended September 25, mortgage rates were largely unchanged during the week ended October 2 according to results released on Thursday by Freddie Mac.
The Primary Mortgage Market Survey indicated that the 30 year fixed-rate mortgage (FRM) averaged 6.10 percent with 0.6 point compared to the previous week when it came in at an average of 6.09 percent with 0.7 point.
The 15-year FRM also edged up a single basis point from 5.77 percent to 5.78 percent. Fees and points were unchanged at 0.6.
The rates on Treasury-indexed adjustable rate mortgages (ARMs) fell during the week, but again only slightly. The five-year hybrid ARM averaged 6.0 percent with 0.6 point compared to the week ended September 25 when it averaged 6.02 percent also with 0.6 point.
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