Freddie Mac Primary Mortgage Market Summary

Freddie Mac (NYSE:FRE) released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 6.24 percent with an average 0.4 point for the week ending November 8, 2007, down from last week when it averaged 6.26 percent. Last year at this time, the 30-year FRM averaged 6.33 percent. The 30-year FRM has not been this low since the week ending May 17, 2007, when it averaged 6.21 percent.

The 15-year FRM this week averaged 5.90 percent with an average 0.5 point, down from last week when it averaged 5.91 percent. A year ago, the 15-year FRM averaged 6.04 percent. The 15-year FRM has not been this low since the week ending May 10, 2007, when it averaged 5.87 percent.


Primary Mortgage Market Summary

November 8, 2007

	30-yr	15-yr	5/1-yr ARM	1-yr ARM
Average Rates:	6.24%	5.90%	5.89%	5.50%
Fees & Points:	0.4	0.5	0.5	0.6

*Freddie Mac's Primary Mortgage Market Survey® (PMMS®) surveys lenders each week on the rates and points for their most popular 30-year fixed-rate, 15-year fixed-rate, 5/1 hybrid amortizing adjustable-rate, and 1-year amortizing adjustable rate mortgage products. The survey is based on first-lien prime conventional conforming mortgages with a loan-to-value of 80 percent. In addition, the adjustable-rate mortgage (ARM) products are indexed to constant-maturity U.S. Treasury rates and lenders are asked for the both the initial coupon rate and points as well as the margin on the ARM products.