Morning Minute: 30-year, fixed-rate mortgage finishes year near record lows

Freddie Mac reports today that mortgage rates finished the year near record lows, helping to keep homebuyer affordability high.  A 30-year fixed-rate mortgage (FRM) averaged 3.35 percent, while the 15-year FRM averaged 2.65 percent. Last year the 30-year FRM averaged 3.95 percent, while the 15-year FRM averaged 3.24. Read the news release from Freddie Mac.

In other news:

Even as prices rise, owning easily beats renting cost in ChicagoCrains 

Consumer Confidence Dips; New Home Sales RiseNPR 

‘Move-up’ buyers trending in suburban areaDaily Herald

 

2012-12-27T11:19:47+00:00 December 27th, 2012|Housing Market|0 Comments

About the Author:

Jon Broadbooks is vice president for communications at Illinois REALTORS®.