Five-year Treasury-indexed hybrid adjustable-rate mortgages averaged 3.41%, down from 3.48% the prior week and 3.97% a year earlier.

5年期国债指数混合型浮动利率抵押贷款(Treasury - indexed hybrid adjustable - rate mortgages)平均利率从上周的3.48%降至3.41%，去年同期值为3.97%。

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During the mortgage crisis, the vast majority of jumbos were adjustable-rate mortgages and hybrid adjustable-rate mortgages, which started at low fixed rates and switched to adjustable interest rates at the end of a set time period typically of five, seven or 10 years, said Keith Gumbinger, vice president at HSH.com, a mortgage-information website.

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Five-year Treasury-indexed hybrid adjustable-rate mortgages, or ARM, averaged 2.88%, up from 2.85% yet below 3.77% of a year ago.

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According to a comprehensive report just released by Democrats on Congress' Joint Economic Committee, 1.8 million hybrid adjustable-rate mortgages will reset within the next two years.

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