Monday, April 16, 2012

15-Year Fixed-Rate Mortgage Hits New All-Time Record Low

Freddie Mac released the results of its Primary Mortgage Market Survey ® (PMMS®) yesterday, showing average fixed mortgage rates declining for the third consecutive week on the heels of a weaker than expected employment report. The 30-year fixed averaged just above its record low while the 15-year fixed averaged a new all-time record low of 3.11 percent, breaking its previous low of 3.13 percent on March 8, 2012.

Other important findings from the PMMS include:

• 30-year fixed-rate

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