Freddie Mac released it's weekly Primary Mortgage Market Survey Thursday, April 12th showing average fixed mortgage rates declining for the third consecutive week. The 30-year fixed averaged just above its record low while the 15-year fixed averaged a new all-time record low of 3.11% breaking its previous low of 3.13% on March 8, 2012.
- 30-Year fixed rate mortgage averaged 3.88%, down from 3.98% last week and 4.91% one year ago
- 15-Year fixed rate mortgage averaged 3.11%, down from 3.21% last week 4.13% one year ago
Mortgage calculators to compare payments and equity:
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.