Mortgage interest rates end year near record lows

Posted by Bonnie Martin Designated Broker on Friday, December 28th, 2012 at 8:47am.

latimes.com - Mortgage interest rates finished out the year near record lows, helping fuel the housing market’s modest recovery.

The average rate for a 30-year, fixed-rate mortgage was 3.35%, down slightly from 3.37%, Freddie Mac said in its weekly survey. This week’s rate is close to the 3.31% rate hit earlier this year, the lowest since records begin in 1971.

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