Friday, May 25, 2012

Historic Lows for Fixed Mortgage Rates Hold Steady

Freddie Mac released it's weekly Primary Mortgage Market Survey Thursday, May 24 showing the record lows for average fixed mortgage rates holding steady for the week. The 30-year fixed-rate mortgage has averaged below 4% all but one week since December 8, 2011, helping keep homebuyer affordability high.

  • 30-Year fixed rate mortgage averaged 3.78%, down from 3.79% last week and 4.60% one year ago
  • 15-Year fixed rate mortgage averaged 3.04%, unchanged from last week, and down from 3.78% 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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