

<p align=center><b>Mortgage Rates Update</b></p>

<p>Freddie Mac (NYSE:FRE) released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.54 percent with an average 0.7 point for the week ending 7/29/2010, 

down
 from last week when it averaged 4.56 percent.  Four weeks ago at this time, the 30-year fixed rate mortgage averaged 4.58 percent.

<p>The 15-year FRM this week averaged 4 percent with an average 0.7 point, 

down
 from last week when it averaged 4.03 percent. Four weeks ago at this time, the 15-year fixed rate mortgage averaged 4.04 percent.

<p>The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.76 percent this week, with an average 0.7 point, 
down
 from last week when it averaged 3.79 percent. Four weeks ago, the 5-year adjustable rate mortgage averaged 3.79 percent. 

<p>The 1-year Treasury-indexed ARM averaged 3.64 percent this week with an average 0.7 point, 
down
 from last week when it averaged 3.7 percent. Four weeks ago, the 1-year adjustable rate mortgage averaged 3.79 percent.  

<p>"For the sixth week in a row, interest rates on fixed-rate mortgages eased to all-time record lows during a week of mixed housing data reports," said Frank Nothaft, Freddie Mac vice president and chief economist.