inman.com - Rates on 30-year fixed-rate mortgages averaged 4.51 percent with an average point of 0.7 percent for the week ending Aug. 29, down from 4.58 percent last week but up from 3.59 percent a year ago, according to Freddie Mac’s latest Primary Mortgage Market Survey.
Rates on 15-year fixed-rate mortgages and one-year Treausry-indexed adjustable-rate mortgage (ARM) loans dropped, while rates on Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans increased.
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inman.com- After hitting record lows last week, mortgage rates have stayed tanked amid growing concerns that lawmakers won't reach a compromise to avoid a "fiscal cliff" of automatic tax increases and spending cuts scheduled to take place next year, Freddie Mac said in releasing the results of its weekly Primary Mortgage Market Survey.
Rates on 30-year fixed-rate mortgages averaged 3.32 percent with an average 0.8 point for the week ending Nov. 29, up from 3.31 percent last week but down from 4.00 percent a year ago. Last week's rate was a new record in Freddie Mac records dating to 1971.
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