Freddie Mactoday released the results of itsPrimary Mortgage Market Survey, showing fixed-rate mortgages remaining near their 60-year lows as ongoing investor concerns over the European debt market kept Treasury bond yields low. The 30-year fixed averaged 4.09 percent, a new all-time low. The 15-year fixed, a popular refinancing option, also reached a new record low for the week averaging 3.30 percent.

News Facts

• 30-year fixed-rate mortgage(FRM) averaged 4.09 percent with an average 0.7 point for the week endingSeptember 15, 2011, down from last week when it averaged 4.12 percent. Last year at this time, the 30-year FRM averaged 4.37 percent.

• 15-year FRMthis week averaged 3.30 percent with an average 0.6 point, down from last week when it averaged 3.33 percent.A year ago at this time, the 15-year FRM averaged 3.82 percent.

• 5-year Treasury-indexed hybrid adjustable-rate mortgage(ARM) averaged 2.99 percent this week, with an average 0.6 point,up from last week when it averaged 2.96 percent. A year ago, the 5-year ARM averaged 3.55 percent.

• 1-year Treasury-indexed ARMaveraged 2.81 percent this week with an average 0.6 point, down from last week when it averaged 2.84 percent. At this time last year, the 1-year ARM averaged 3.40 percent.

Quotes

Attributed toFrank Nothaft, vice president and chief economist, Freddie Mac.

• "Continued investor concerns over the state of the European debt markets kept U.S. Treasury bond yields low and allowed mortgage rates to ease once more this week. In comparison, the average interest rate ofmortgages outstandingin the second quarter was 5.28 percent. By refinancing into today's 30-year fixed mortgage, homeowners could shave almost$1,715a year in interest payments on a$200,000loan.

• "Apart from just fixed-rate mortgages, variousother interest ratesare at or near all-time historical lows as well. Both the 10-year constant-maturity Treasury bond and AAA-rated seasoned corporate bond yields were at 50-year lows over the week endingSeptember 9th. In addition, the 1-year constant-maturity bill, a popular index for ARMs, hit its nadir over the week ofSeptember 2ndsince data began in 195