Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing the 30-year fixed-rate mortgage (frm. were virtually unchanged this week hovering at or near record lows.
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NEWS SUMMARY: From Freddie Mac’s weekly survey we see fixed rates largely unchanged from last week’s record lows. The average rate for a 30-year fixed rate remained exactly the same from the.
“Mortgage rates ended this year near record lows. The 30-year fixed-rate mortgage averaged 3.66 percent for 2012, the lowest annual average in at least 65 years. Rates on 30-year fixed mortgages were nearly 0.6 percentage points below that of the beginning of the year, which translates into an interest payment savings of nearly $98,600 over.
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The 30-year, fixed-rate mortgage fell to 3.88% this past week, hitting a new low and marking its seventh consecutive week below 4%, Freddie Mac said Thursday. That compares to a 30-year FRM of 3.
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Seattle Mortgage Broker: Mortgage Rates Near 3-Week Lows. Rates for home loans edged up as financial markets stabilized on hope about global trade, but held near long-time lows. The 30-year fixed-rate mortgage averaged 3.75% in the holiday-shortened July. The benchmark 15-year fixed-rate mortgage fell to 3.03 percent from 3.12 percent.
If the 30-year, fixed-rate mortgage declines. in January 2000,” said Fleming. “Record income levels combined with mortgage rates near historic lows mean consumer house-buying power is.