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Mortgage rates hit record lows: Freddie Mac - Mortgages - MarketWatch
Mortgage rates hit record lows: Freddie Mac - Mortgages - MarketWatchMortgage rates dropped to record lows this week, with 30-year fixed-rate mortgages falling to 3.89%, its sixth week below the 4% mark, according to Freddie Mac’s weekly survey of conforming mortgage rates.
The mortgage averaged 3.91% last week and 4.71% a year ago.
Rates on 15-year fixed-rate mortgages averaged 3.16% for the week ending Jan. 12, down from 3.23% last week and 4.08% a year ago.
Adjustable-rate mortgages also dropped, with 5-year Treasury-indexed hybrid ARMs averaging 2.82%, down from 2.86% last week and 3.72% a year ago, according to the survey. One-year Treasury-indexed ARMs averaged 2.76%, down from 2.8% last week and 3.23% a year ago
January 12, 2012 | Permalink
