Freddie Mac released it's weekly Primary Mortgage Market Survey Thursday, May 10th showing average fixed mortgage rates hitting new all-time record lows for the second consecutive week. The 30-year fixed-rate mortgage has averaged below 4% all but one week since December 8, 2011, helping to keep homebuyer affordability high.
- 30-Year fixed rate mortgage averaged 3.83%, down from 3.84% last week and 4.63% one year ago
- 15-Year fixed rate mortgage averaged 3.05%, down from 3.07% last week and 3.82% 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.