Thursday, May 31, 2012

Freddie Mac: Average 15-Year Fixed-Rate Mortgage Breaks Barrier

Freddie Mac released it's weekly Primary Mortgage Market Survey Thursday, May 31 showing fixed mortgage rates at new all-time record lows.  The 30-year fixed set a new low for the fifth consecutive week and has averaged below 4% all but one week since December 8, 2011.

  • 30-Year fixed rate mortgage averaged 3.75%, down from 3.78% last week and 4.55% one year ago
  • 15-Year fixed rate mortgage averaged 2.97%, down from 3.04% last week, and 3.74% 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.

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