Fixed Rates Reach Record-Low Averages for 6th Consecutive Week

Posted by Bonnie Martin Designated Broker on Friday, June 8th, 2012 at 2:38pm.

dsnews.com - As the employment situation continues to raise concerns, fixed rates fell even lower, slipping yet again to new record-lows, according to a survey from Freddie Mac released Thursday.

The 30-year fixed-rate mortgage averaged 3.67 percent (0.7 point) for the week ending June 7, falling from last week’s average of 3.75 percent. Last year at this time, the 30-year fixed was 4.49 percent.

The 15-year fixed rate declined even further below 3 percent to 2.94 percent (0.7 point), down from last week’s 2.97 percent. A year ago at this time, the 15-year was 3.68 percent.

To read more on this article, click the link below:

#facebooklike#

Leave a Comment