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Ali Klein

NMLS ID ------

757-366-8690 aklein@tidewaterhomefunding.com


Weekly Mortgage Rates Continue Record Drop

May 2nd, 2013

Freddie Mac reported in it's Primary Mortgage Market Survey® (PMMS®) that all four weekly averages in the report dropped, and the 15-year fixed-rate mortgage average reached a record low of 2.56%.  The 5/1-Yr ARM and 1-Yr ARM also dropped to 2.56%.  The 30-yr fixed-rate mortgage average dropped to 3.35%, only .04% off the record low set the week of November 21, 2012.