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.
The article Mortgage Rates Remain Near Record Lows originally appeared on Fool.com.Fool contributor Amanda Alix has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.