Mortgage rates edge down, ARMs reach new lows: Mortgage rates declined this past week, with adjustable-rate mortgages hitting new lows, according to Freddie Mac's latest Primary Mortgage Market Survey.
Adjustable-rate mortgages hit new lows, with the 5-year Treasury indexed ARM averaging 2.91% this past week, down from 2.97% a week earlier. Last year, the same rate hit 3.45%.
The 1-year, Treasury-indexed ARM hovered at 2.79%, [...]
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