NationalMortgageNews reports Freddie Mac says ten out of the last eleven weeks the average fixed-rate 30-year mortgage (FRM) has set new lows, with the week just ending July 5 marking another one at 3.62 percent. The average 15-year FRM fell to 2.89 percent. The average five-year hybrid remained at 2.79 percent, while the average one-year Treasury adjustable rate mortgage (ARM) was 2.68 percent. MHProNews.com has learned a year ago the average 30-year rate was 4.6 percent, while the average 15-year rate was 3.75 percent. The average five-year treasury hybrid was the same 2.79 percent, but the one-year Treasury ARM was 2.74 percent.

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