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Released: October 19, 2012
Rate on 30-year fixed mortgage near record low
Source: Marcy Gordon, Associated Press (USA Today)
The average U.S. rate on a 30-year fixed mortgage has fallen to near its record low set earlier this month. The rate on the most popular mortgage dipped to 3.37% from 3.39% last week, mortgage buyer Freddie Mac said Thursday. Two weeks ago, the rate reached 3.36%, its lowest level on records dating to 1971. The average rate on the 15-year fixed mortgage, often used for refinancing, set a record low of 2.66%, down from last week's 2.7%.Read Full Article: Rate on 30-year fixed mortgage near record low
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