Tag Archives: Mortgage Rates Hover Near Record Lows This Week

Fixed-rate mortgages continued to hover near all-time lows, keeping home buyer affordability high. Freddie Mac reports the following averages in this week’s mortgage market survey: 30-year fixed-rate mortgages: averaged 3.55 percent, with an average 0.7 point, dropping from last week’s 3.59 percent average. A year ago at this time, 30-year rates averaged 4.12 percent. 15-year fixed-rate mortgages: averaged 2.86 percent, with an average 0.6 point, holding steady from last week’s average. A year ago, 15-year rates averaged 3.33 percent. 5-year adjustable-rate mortgages: averaged 2.75 percent, with an average 0.7 point, […]