According to the weekly Freddie Mac market survey, the average rate on a 30-year fixed-rate mortgage climbed up for the first after time in five weeks to 4.21% with a mean of 0.8 point for the week ending October 21.

Average rate on a 30-year FRM dropped down to its lowest level since 1951 a week ago however it scaled two basis points since. Last year the average was 5%.

With regards to 15-year FRM climbed up two bps to 3.6% with an average 0.7 point. The last year record was 4.43%

The average on other mortgage products attained its record lows.

On the other hand, the five-year Treasury-indexed hybrid adjustable-rate mortgage fell two bps to 3.45% with an average rate of 0.6 points. And was indeed the lowest Freddie has ever gauged for this product since 2005.it was 4.4% average rate same week last year.

Bankrate.com determines the average mortgage rates also and base on the analysis, the average on a 30-year FRM plunged five bps to 4.42%

The 15-year FRM collapsed three bps to 3.82% and the 5/1 ARM plummeted two bps to 3.6%. The average rate on a 30-year jumbo mortgage descended 2 bps to 5.08%

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