MBS MID-DAY: 2/9/2012


30-year fixed-rate mortgage (FRM) averaged 3.87 percent with an average 0.8 point for the week
ending February 9, 2012, matching last week when it also averaged 3.87 percent. Last year at this
time, the 30-year FRM averaged 5.05 percent.

15-year FRM this week averaged 3.16 percent with an average 0.7 point, up from last week when it
averaged 3.14 percent. A year ago at this time, the 15-year FRM averaged 4.29 percent.

5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.83 percent this week,
with an average 0.7 point, up from last week when it averaged 2.80 percent. A year ago, the 5-year
ARM averaged 3.92 percent.

1-year Treasury-indexed ARM averaged 2.78 percent this week with an average 0.6 point, up from
last week when it averaged 2.76 percent. At this time last year, the 1-year ARM averaged 3.35

Frank Nothaft, vice president and chief economist, Freddie Mac:

“A strong January employment report added upward pressure to most mortgage rates this week.
The economy gained 243,000 jobs last month, the largest monthly gain since April 2011, and
the unemployment rate fell to 8.3 percent, which was the lowest since February 2009. Although
historical revisions also added 266,000 even more workers, they caused the labor participation rate to
fall to 63.7 percent, representing the smallest share since May 1983, which offset some of the rise in
mortgage rates.”

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