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Fed programs and struggling economy push fixed and adjustable mortgage rates to its all time record lows based on the latest weekly Primary Mortgage Market Survey.  The lowest 30-year fixed mortgage rates on the record was 4.17 percent that happened in November 11 of last year, this week rate was lower than the previous low at 4.15 percent.

This week fixed and adjustable mortgage rates

The 30-year fixed-rate mortgage for the week ending August 18, 2011 was 4.15 percent, .17 percent lower than last week averaged of 4.32 percent, and down .27 percent from 4.42 percent in the same period the year ago. For 15-year fixed-rate mortgage average this week was 3.36 percent, down from last week averaged of 3.50 percent and 3.90 percent in August 18, 2010.

Adjustable rate mortgages were also below from the last week and the same time the year before. 5-year Treasury-indexed hybrid adjustable-rate mortgage posted 3.08 percent average, down from last week average of 3.13 percent. Last year, 5-year ARM averaged was 3.56 percent. The 1-year Treasury-indexed ARM down .03 and .67 over the last week and the previous year.

Resources: freddiemac.com “, Mortgage Rates Lowest in Over 50 Years” and West Haven Utah Real Estate Blog