Thursday, June 21, 2012

Freddie Mac: 30-Year Fixed-Rate Mortgage Averages 3.66%

Freddie Mac released it's weekly Primary Mortgage Market Survey Thursday, June 21 showing average mortgage rates easing.  Both the 30-year fixed and the 5-year ARM registered new average record lows.  Overall mortgage rates still remain near historic lows helping to keep homebuyer affordability high.

  • 30-Year fixed rate mortgage averaged 3.66%, down from 3.71% last week and 4.50% one year ago

  • 15-Year fixed rate mortgage averaged 2.95%, down from 2.98% last week, and 3.69% one year ago

To compare and track average mortgage rates from previous weeks throughout the year consult Freddie Mac's Compilation of Weekly Survey Data for 2012.

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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