Mortgage News

30 & 15 Year Mortgage Rates Continue to Reach Record Lows

July 5th, 2012

According to Freddie Mac's Weekly Primary Mortgage Market Survey the average on the 30-year loan rate reached a record low of 3.62%*.  The lowest weekly average since long-term mortgages began in the 1950's.  

The weekly average rate on the 15-year mortgage dropped to 2.89%*, also a record low.

*http://www.freddiemac.com/pmms/ 

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