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Tim Phelps

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757-366-8690 tphelps@tidewaterhomefunding.com

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Fixed Mortgage Rates Move Slightly Higher, But Still At Record Lows

January 24th, 2013

Fixed mortgage rates moved up slightly to 3.42% (30-Yr FRM) according to the Freddie Mac Weekly Primary Mortgage Market Survey.  The 15-Yr FRM moved to 2.71%.  However, these rates remain historically low, and continue to provide a positive environment of highly affordable mortgage rates.  This trend should keep aiding the ever improving housing market.

The following chart shows the last twelve (12) month trend:

Source:  http://www.freddiemac.com/news/finance/?intcmp=AFMREH