frm: Mortgage rates start year near historic lows - 01/05/12 11:36 AM
Thursday, January 5th, 2012, 9:05 am  
The nation's average mortgage interest rates are starting 2012 near all-time historic lows amid signs of improvement in the housing market and manufacturing industry.
The Freddie Mac mortgage market survey showed the 30-year, fixed-rate mortgage averaged 3.91% for the week ending Thursday, down from the prior week's average of 3.95%. Last year at this time, the 30-year FRM averaged 4.77%.
This week's 15-year FRM, a popular refinancing choice, averaged 3.23%, down from last week when it averaged 3.24%. A year ago, the average rate for a 15-year FRM was 4.13%.
Five-year, Treasury-indexed hybrid adjustable-rate mortgages averaged … (0 comments)

 
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