Good Employment Report Lifts Mortgage Rates and Eases Fears About National Economy

McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.21 percent with an average 0.4 point for the week ending January 11, 2007, up from last week when it averaged 6.18 percent. Last year at this time, the 30-year FRM averaged 6.15 percent. The 15-year FRM this week averaged 5.96 percent with an average 0.4 point, up from last week when it averaged 5.94 percent. A year ago, the 15-year FRM averaged 5.71 percent. Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) averaged 6.03 percent this week, with an average 0.5 point, up slightly from last week when it averaged 6.02 percent. A year ago, the five-year ARM averaged 5.76 percent. One-year Treasury-indexed ARMs averaged 5.44 percent this week with an average 0.5 point, up from last week when it averaged 5.42 percent. At this time last year, the one-year ARM averaged 5.15 percent.