With the exception of the one-year adjustable rate mortgage (ARM)
mortgage rates fell during the week ended October 9 according to Freddie
Mac’s Primary Mortgage Market Survey.
The 30-year fixed-rate mortgage (FRM) carried an average contract
interest rate of 5.94 percent with 0.6 point compared to the previous
week when the average was 6.0 percent also with 0.6 point.