Thursday, May 3, 2012

Fixed Mortgage Rates Average New All-Time Record Lows

Freddie Mac released it's weekly Primary Mortgage Market Survey Thursday, April 26th showing average fixed mortgage rates finding new all-time record lows, continuing to help keep homebuyer affordability high.

  • 30-Year fixed rate mortgage averaged 3.84%, down from 3.88% last week and 4.71% one year ago
  • 15-Year fixed rate mortgage averaged 3.07%, down from 3.12% last week and 3.89% 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.

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