I just found this this morning and I found that the Primary Mortgage Market Survey has been released by Freddie Mac and there’s some good news for us. According to this survey, mortgage rates are slightly lower as of yesterday. Fixed-rate mortgage rates are down at 5.03 for the 30 year fixed rate mortgage and 4.99 for the 15 year fixed rate mortage.

Another positive note is that fees were also down by at least .1 percent for the 15 year FRMs.

Five year Treasury indexed adjustable rate mortgages also went from 5.08 to 4.99, similar to the 15 year FRMs while their fees were still fixed at .6 percentage points.

The one year version of the Treasury indexed adjustable rate mortgages were set at 4.8 percent down from 4.86 the previous week.

With mortgage rates already at a near record historical low, this does make house buying or even fresh refinancing very enticing but will consumers bite? I think they should.

Related posts:

1. Mortgage levels falling June 2010 rates

2. Are Mortgage Rates Cheaper Now? Really?

3. Fixed Mortgage Rates Drop

4. Fixed Mortgage Rates Fall (May 8, 2009)

5. Mortgage Rates Increase