Thursday, June 7, 2012

Freddie Mac: Record-Setting Low Fixed Mortgage Rates Persist

Freddie Mac released it's weekly Primary Mortgage Market Survey Thursday, June 7 showing average fixed mortgage rates falling to new all-time record lows for the sixth consecutive week. The 30-year fixed has averaged below 4% all but one week since December 8, 2011.

  • 30-Year fixed rate mortgage averaged 3.67%, down from 3.75% last week and 4.49% one year ago
  • 15-Year fixed rate mortgage averaged 2.94%, down from 2.97% last week, and 3.68% 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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