Mortgage rates currently at all-time record lows
Written by Charlie Chester on January 18, 2012 – 2:31 am
Mortgage rates tumbled yet again and established new historical lows, Freddie Mac said in its weekly report late last week. Results from Freddie Mac’s Primary Mortgage Market Survey revealed that mortgage rates for all mortgage products examined dove to new all-time record lows during the week ending January 12, 2012. In this latest data, 30-year fixed-rate mortgages fell to average of 3.89 percent after coming in at 3.91 percent last week. In addition, 15-year fixed-rate mortgages dropped to an average of 3.16 after averaging 3.23 percent one week ago. These averages are a far cry from the averages seen for these two mortgage products last year at this time. O
Tags: Lows, Mortgage Rates
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