Thursday, July 5, 2012

Fixed Mortgage Rates Continue Finding New Record Lows

Freddie Mac released it's weekly Primary Mortgage Market Survey Thursday, July 5 showing average fixed mortgage rates continuing to find new all-time record lows.  The average 30-year fixed-rate mortgage has matched or hit a new record low in 10 of the last 11 weeks.

  • 30-Year fixed rate mortgage averaged 3.62%, down from 3.66% last week and 4.60% one year ago

  • 15-Year fixed rate mortgage averaged 2.89%, down from 2.94% last week and 3.75% 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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