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Mortgage Rates Again Fall to New Record Lows: Freddie Mac

Mortgage interest rates dropped again this week, according to data released Thursday by Freddie Mac. The GSE says for yet another week, fixed-rate mortgages reached new record lows, while the 5-year adjustable rate loan remained tied at its low for the survey.

Freddie’s survey shows that the 30-year fixed-rate mortgage (FRM) is now averaging 4.42 percent (0.7 point), down from last week when it was 4.44 percent. The 15-year FRM came in at 3.90 percent (0.6 point), compared to 3.92 percent the week prior. And the 5-year adjustable-rate mortgage (ARM) remained unchanged at 3.56 percent (0.6 point).

Read More: http://bit.ly/cDnoBQ






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