By David M. Kinchen Huntingtonnews.net Real Estate Writer

Freddie Mac (OTCQB: FMCC) on Thursday, March 5, 2015 released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates moving lower for the first time in four weeks and remaining near late May, 2013 lows.

"Mortgage rates fell across the board, with the 30-year fixed rate mortgage reading 3.75 percent this week, " said Len Kiefer, Freddie Mac's deputy chief economist. "Real GDP [PDF] growth for the fourth quarter was revised down to 2.2 percent. Consumer prices [PDF] fell more than expected in January, tumbling 0.7 percent."

News Facts
    •    30-year fixed-rate mortgage (FRM) averaged 3.75 percent with an average 0.6 point for the week ending March 5, 2015, down from last week when it averaged 3.80 percent. A year ago at this time, the 30-year FRM averaged 4.28 percent.  

    •    15-year FRM this week averaged 3.03 percent with an average 0.6 point, down from last week when it averaged 3.07 percent. A year ago at this time, the 15-year FRM averaged 3.32 percent.  

    •    5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.96 percent this week with an average 0.5 point, down from last week when it averaged 2.99 percent. A year ago, the 5-year ARM averaged 3.03 percent. 

    •    1-year Treasury-indexed ARM averaged 2.44 percent this week with an average 0.4 point, unchanged from last week. At this time last year, the 1-year ARM averaged 2.52 percent.