General World News

Merry Christmas: Mortgage rates reach another record low

The average U.S. mortgage rate for a 30-year fixed loan fell one basis point this week to 2.66% – the lowest rate in the Freddie Mac’s Primary Mortgage Market Survey’s near 50-year history. This week’s mortgage rate broke the previous record set on Dec. 17.

With this week’s record drop, there have now been 20 consecutive weeks when average mortgage rates have been below 3%, and the 16th time this year rates have broken their own record.

The average fixed rate for a 15-year mortgage also fell last week to 2.19% from 2.21%.

“The housing market is poised to finish the year strong as details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com