Saturday, July 7, 2012

Mortgage rates chart new depths

Rates on 30-year fixed-rate mortgage (FRM) averaged 3.62 percent with an average 0.8 point for the week ending July 5, down from 3.66 percent last week and 4.60 percent a year ago, Freddie Mac said in releasing the results of its Primary Mortgage Market Survey. That's a new all-time low in Freddie Mac records dating to 1971. http://www.inman.com/news/2012/07/5/mortgage-rates-plunge-deeper-uncharted-depths
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