in Data, Origination, Servicing Adjustable-Rate Mortgage Fixed-Rate Mortgage Freddie Mac Investors Lenders & Servicers Mortgage Rates Processing Service Providers 2011-07-14 Ryan Schuette July 14, 2011 443 Views Freddie Reveals Declines in Mortgage Rates Share “”Freddie Mac””:http://www.freddiemac.com/ released a southerly primary mortgage market survey Thursday, revealing downward trends for mortgage rates across the board against a backdrop of anemic job growth and steadily increasing unemployment figures.[IMAGE]According to the GSE, 30-year fixed-rate mortgages dipped to 4.51 percent with an average 0.7 point, falling from 4.60 percent last week and staying just under the 4.57 percent average it struck last year. The data for 15-year fixed-rate mortgages yielded a fall from 3.75 percent last week to 3.65 percent this week, staying in the shadow of a 4.06 percent average from this time last year.[COLUMN_BREAK]For five-year Treasury adjustable-rate mortgages, “”Freddie””:http://www.freddiemac.com/ posted a 3.29 percent average, down from 3.30 percent last week and far beneath the 3.85 percent average at which the rates hovered at the same time last year. Faring worse for the wear, one-year Treasury adjustable-rate mortgages fell from 3.01 percent last week to 2.95 percent this week ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô a far cry from the 3.74 percent it saw this time last year.Frank Nothaft, vice president and chief economist for “”Freddie Mac””:http://www.freddiemac.com/, attributed the declines to stagnant employee wages and less consumer spending.””Long-term bond yields and mortgage rates fell this week following a weak employment report,”” he said in a statement. “”The economy added 18,000 jobs in June, well below the market consensus forecast, and the unemployment rate rose to 9.2 percent, the highest since December 2010.””A recent “”CNNMoney””:http://money.cnn.com/ report stirred the markets and sent shockwaves around the housing sector, signaling that the economy added only 18,000 jobs last month, down from 25,000 in May. A government entity, “”Freddie Mac””:http://www.freddiemac.com/ services and insures loans for families and homebuyers around the country.