Fixed Rate Mortgage Rates Fall Again

Mortgage rates fall again. The average interest rate on a 30-yr, fixed-rate mortgage fell to 2.72% last week – a new record low. A year ago, it was 3.66%. Freddie Mac (OTCQB: FMCC) released the results of its Primary Mortgage Market Survey® (PMMS®) yesterday, showing that the 30-year fixed-rate mortgage (FRM) averaged 2.72 percent, the lowest rate in the survey’s historyContinue reading “Fixed Rate Mortgage Rates Fall Again”