Mortgage Rates Remain Near Record Lows

Freddie Mac released the results of its weekly Primary Mortgage Market Survey this morning, revealing a slight uptick in average mortgage rates for 30-year and 15-year fixed mortgage rates for the week ending Dec. 6.

Thirty-year FRMs rose 0.02 percentage points from last week, clocking in at 3.34%, the highest since the Nov. 15 survey report. The fees and points metric, however, returned to its previous seven-week level of 0.7, after rising to 0.8 last week. Fifteen-year FRMs also nudged up a bit, from last week's 2.64% to the current 2.67%.

Mortgage rates are still hovering around their record lows, with year-ago values for 30-year FRMs at 3.99%, and 15-year loans averaging 3.27% a year ago. A spokesperson for Freddie Mac noted that fixed mortgage rates are changing little during the current climate of low inflation, stronger economic growth, and a resurgent housing market.

link


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2142715, ~/Articles/ArticleHandler.aspx, 8/29/2014 2:05:45 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement