Tags: Mortgage | Rates | record | low

Fixed Mortgage Rates Drop Again to Record Lows

Thursday, 15 Dec 2011 10:26 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

The average rate on the 30-year fixed mortgage fell back down to 3.94 percent, the record low set earlier in the fall.

Low rates offer a great opportunity for those who can afford to buy or refinance. Still, few people are able to take advantage of them.

Freddie Mac says the rate on the 30-year home loan fell from 3.99 percent the previous week. The National Bureau of Economic Research says 3.94 percent is the lowest rate ever.

The average rate on the 15-year fixed mortgage fell to 3.21 percent from 3.27 percent. That's also a new record.

Rates have been below 5 percent for all but two weeks this year. Yet this year could be the worst for home sales in 14 years.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
You May Also Like
Around the Web

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved