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Primary Mortgage Market Survey Press Release

Mortgage Rates Ease a Bit This Week

McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.07 percent with an average 0.6 point for the week ending April 15, 2010, down from last week when it averaged 5.21 percent. Last year at this time, the 30-year FRM averaged 4.82 percent.

The 15-year FRM this week averaged 4.40 percent with an average 0.7 point, down from last week when it averaged 4.52 percent. A year ago at this time, the 15-year FRM averaged 4.48 percent.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.08 percent this week, with an average 0.6 point, down from last week when it averaged 4.25 percent.  A year ago, the 5-year ARM averaged 4.88 percent.

The 1-year Treasury-indexed ARM averaged 4.13 percent this week with an average 0.5 point, down from last week when it averaged 4.14 percent. At this time last year, the 1-year ARM averaged 4.91 percent.

(Average commitment rates should be reported along with average fees and points to reflect the total cost of obtaining the mortgage.)

"After rising for four consecutive weeks, mortgage rates eased back to where they were two weeks ago and still remain historically low," said Frank Nothaft, Freddie Mac vice president and chief economist. "The Federal Reserve (Fed) indicated in its April 14th regional business survey that consumer prices generally remained level and producers had difficulty passing along increases in some raw materials. This will likely keep inflation at bay as evidenced by the 1.1 percent growth in core consumer prices for the 12-months ending in March 2010, which was the lowest annual increase since January 2004.

"Low mortgage rates continue to help stabilize the housing market. The Fed noted that residential activity increased while home prices were stable across most of its 12 Districts over the six weeks prior to April 5th. In addition, credit standards remained generally unchanged across the nation, while credit quality was mixed according to the report."

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.

Summary of Survey Results

Fixed-Rate Mortgages
	Average Conventional 30-Year Commitment Rate	Fees & Points	Average Conventional 15-Year Commitment Rate	Fees & Points
US	5.07	0.6	4.40	0.7
Northeast	5.13	0.6	4.45	0.6
Southeast	5.02	0.7	4.40	0.7
N. Central	5.12	0.5	4.42	0.5
Southwest	5.00	0.6	4.38	0.7
West	5.03	0.8	4.35	0.7

Five/One-Year Adjustable-Rate Mortgages
	First Commitment Rate	Fees & Points	Margin
US	4.08	0.6	2.74
Northeast	4.25	0.6	2.73
Southeast	3.85	0.7	2.75
N. Central	4.10	0.5	2.75
Southwest	4.05	0.6	2.75
West	4.07	0.7	2.75

One-Year Adjustable-Rate Mortgages
	First Commitment Rate	Fees & Points	Margin
US	4.13	0.5	2.74
Northeast	4.04	0.4	2.71
Southeast	4.17	0.8	2.75
N. Central	4.42	0.3	2.75
Southwest	4.40	0.7	2.77
West	3.90	0.6	2.75

Freddie Mac defines its regions as follows:

Northeast: NY, NJ, PA, DE, MD, DC, VA, WV, ME, NH, VT, MA, RI, CT
Southeast: NC, SC, TN, KY, GA, AL, FL, MS, PR, VI
North Central: OH, IN, IL, MI, WI, MN, IA, ND, SD
Southwest: TX, LA, NM, OK, AR, MO, KS, CO, NE, WY
West: CA, AZ, NV, OR, WA, UT, ID, MT, HI, AK, GU

Freddie Mac's Primary Mortgage Market Survey (PMMS) is for informational purposes only and Freddie Mac is not responsible for business decisions made based on the reported results of the PMMS. In general, the data presented were calculated from information collected Monday through Wednesday of the same week that the PMMS is released and may not reflect mortgage rates, fees or points currently available from any lender. Freddie Mac may change the methodology used to conduct the PMMS at any time and without notice.

Definitions

Commitment Rate is the interest rate a lender would charge to lend mortgage money to a qualified borrower exclusive of the fees and points required by the lender. This commitment rate applies only to conventional financing on conforming mortgages with loan-to-value rates of 80 percent or less.

ARM Index is the One-year Treasury

Loan to Value Ratio (LTV) is the ratio of the loan amount of a mortgage loan to the lower of the appraisal value or purchase price of the property securing the loan.

Origination Fees and Discount Points are the total charged by the lender at settlement. One point equals one percent of the loan amount.

Margin is a fixed amount added to the underlying index to establish the fully indexed rate for an ARM.

Weighted Averages for the Primary Mortgage Market Survey have been adjusted as of December 17, 2009. The new weights use the dollar volume of conventional first-lien mortgage originations within the 1-unit Freddie Mac loan limit as reported under the Home Mortgage Disclosure Act (HMDA) for 2008. The weights are listed in the table below.

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Primary Mortgage Market Survey Results
April 15, 2010

30-Year Fixed Rate Mortgages
	US	NE	SE	NC	SW	W
Average	5.07	5.13	5.02	5.12	5.00	5.03
Fees & Points	0.6	0.6	0.7	0.5	0.6	0.8

15-Year Fixed Rate Mortgages
	US	NE	SE	NC	SW	W
Average	4.40	4.45	4.40	4.42	4.38	4.35
Fees & Points	0.7	0.6	0.7	0.5	0.7	0.7

5/1-Year Adjustable Rate Mortgages
	US	NE	SE	NC	SW	W
Average	4.08	4.25	3.85	4.10	4.05	4.07
Fees & Points	0.6	0.6	0.7	0.5	0.6	0.7
Margin	2.74	2.73	2.75	2.75	2.75	2.75

1-Year Adjustable Rate Mortgages
	US	NE	SE	NC	SW	W
Average	4.13	4.04	4.17	4.42	4.40	3.90
Fees & Points	0.5	0.4	0.8	0.3	0.7	0.6
Margin	2.74	2.71	2.75	2.75	2.77	2.75

The National Mortgage Rate Snapshot
	One Year Ago				One Week Ago
	30-YR	15-YR	5/1-YR	1-YR ARM	30-YR	15-YR	5/1-YR	1-YR ARM
Average	4.82	4.48	4.88	4.91	5.21	4.52	4.25	4.14
Fees & Points	0.6	0.6	0.6	0.7	0.6	0.6	0.6	0.5
Margin	N/A	N/A	2.74	2.75	N/A	N/A	2.75	2.75