Mortgage Interest Rates Fall To New Record Lows For The Week Ending December 23, 2011...
Freddie Mac reports that Mortgage Interest Rates have reached new all-time record lows this week, just in time for Christmas.
Listed below is a closer look at how interest rates are doing:
30-Year Fixed-Rate Mortgage:
The 30 Year Fixed Rate Mortgage averaged 3.91 percent last week. This time last year, the 30-Year Fixed Rate Mortgage averaged 4.81 percent.
15-Year Fixed-Rate Mortgage:
The 15-Year Fixed Rate Mortgage averaged 3.21 percent. This time last year, the 15-Year Fixed Rate Mortgage averaged 4.15 percent.
5-Year Adjustable Rate Mortgage:
The 5-Year Adjustable Rate Mortgage averaged 2.85 percent. This time last year, the 5-Year Adjustable Rate Mortgage averaged 3.75 percent.
1-Year Adjustable Rate Mortgage:
The 1-Year Adjustable Rate Mortgage averaged 2.77 percent. This time last year, the 1-Year Adjustable Rate Mortgage averaged 3.40 percent.