Thursday, June 14, 2012

Freddie Mac: Average Fixed Mortgage Rates Reverse Course

Freddie Mac released it's weekly Primary Mortgage Market Survey Thursday, June 14 showing average fixed mortgage rates ending their six week streak of record-setting lows. Regardless, mortgage rates still remain near the historic lows helping to keep homebuyer affordability high, and providing a strong incentive for those looking to refinance.

  • 30-Year fixed rate mortgage averaged 3.71%, up from 3.67% last week, down from 4.50% one year ago
  • 15-Year fixed rate mortgage averaged 2.98%, down from 2.94% last week, and 3.67% 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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