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feburary 2 2012: Freddie Mac: Average Mortgage Interest Rates Return to Record Low Levels! - 02/02/12 01:37 PM
Today, 2/2/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.87%, down sharply from 3.98% last week. The average interest rate for 15 year fixed-rate mortgages was 3.14%, down from 3.24% last week. A year ago the 30 year rate was 4.81%!
After taking a big jump last week, interest rates settled down to about the same levels they were at two weeks ago. Record lows. Lower than expected growth in the economy for the 4th quarter of 2011 was the cause of the drop. Consumer spending in December was also "flat".
Freddie Mac did report one … (0 comments)
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John Elwell
Zephyrhills,
FL
More about me…
CENTURY 21 Bill Nye Realty, Inc.
Address: 34619 State Road 54, Zephyrhills, FL, 33541
Office Phone: (813) 715-6810
Cell Phone: (813) 783-4444
Email Me
Real estate news, opinions, and listings from Zephyrhills, Pasco County, Florida and the west central region of Florida in general. Licensed in Florida.
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Looking for a winter retreat or a permanent home? Then take a serious look at...
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This home is in a popular subdivision known as Spanish Trails Village in Zeph...
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