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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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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