Freddi Mac's latest survy on 30-year fixed-rate mortgages fell below 5% this week. This is the first time since the end of May, according to Freddie Mac, and closing in on the all-time low set in April.

Freddie Mac this week released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.04 percent with an average 0.6 point for the week ending September 24, 2009, unchanged from last week when it averaged 5.04 percent. Last year at this time, the 30-year FRM averaged 6.09 percent.

The 30-year fixed mortgage rates remained unchanged from last week. Freddie Mac believes this will continue to spur the economy toward recovery.

Long-term mortgage rates ticked down last week, which Freddie Mac, in its weekly survey, attributed to bond yields. The current mortgage rates remain near historic lows, fueling more interest in home sales.

As July home sales leaped month to month, mortgage rates dropped to a three-month low last week. This, as well as the tax credit set to expire in November for first-time buyers, should fuel housing excitement.

Long-term mortgage rates ticked up last week, which Freddie Mac, in its weekly survey, attributes to improving jobless figures. There is also hope that the current housing slump may be coming to an end, as well, and that may be contributing, the survey said.

Fannie Mae needs another $10.7 billion taxpayer bailout from the Treasury Department to stay afloat. The government-controlled mortgage insurer has drawn a total of $45.9 billion of its $200 billion lifeline this year.

Optimism, yes, optimism caused yields in the bond market to rise this week. Mortgage rates followed them, as Freddie Mac indicated in their weekly mortgage survey.

Freddie Mac has release the results of this week's Primary Mortgage Market Survey. Mortgage rates continued to drop this week, almost across the board.

Poor jobs reports are bad for those out of work. However, for those looking for a mortgage, bad news equals good news, as Freddie Mac's weekly mortgage report notes that current mortgage interest rates have dropped in the wake of labor market worries.

Last week, U.S. mortgage rates were mixed, in terms of rise / fall. The average rate on 30-year fixed-rate mortgages rose still further above 5%, according to Freddie Mac's weekly survey of mortgage rates, while other rates dropped, or rose, unevenly.

U.S. projects aid tally for mortgage lending providers as Fannie Mae and Freddie Mac could need $92.2 billion more to cover their rising losses on mortgage-related investments, according to budget details from the Obama administration.