30-year, fixed-rate mortgage finishes year near record lows

NAR chief economist says slowing job growth and more action by the Fed to lower interest rates likely will put downward pressure on mortgage rates. Yun: Mortgage Rates May Reach Record Low by Year’s End | Realtor Magazine

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Our 30-Year Fixed Rates Are Low & Our Process is Quick & Painless The traditional 30-year fixed-rate mortgage has a constant interest rate and monthly payments that never change. This may be a good choice if you plan to stay in your home for seven years or longer.

The average rate on a 30-year. fixed-rate mortgage hit a record low 2.61% this week, down from 2.64% in the prior week. Freddie Mac began keeping nationwide average records in 1971. "The housing.

"Mortgage rates ended this year near record lows. The 30-year fixed-rate mortgage averaged 3.66 percent for 2012, the lowest annual average in at least 65 years.

WASHINGTON (AP) – U.S. long-term mortgage rates are near historically low levels. on the 30-year loan slipped to 3.55% this week from 3.60% last week. The rate stood at 4.51% a year ago. The.

30-Year Fixed Interest Rates at TWO-YEAR LOW! Long-term mortgage rates near historic lows: 30-year 3.55% The Seattle Times does not append comment threads to stories from wire services such as the Associated Press, The New York Times, The.

The drop put rates near record lows again and ended a four-week streak of increases, giving borrowers some extra time to grab a low rate. 30 year fixed rate mortgage – 3 month trend

The 30-year, fixed-rate mortgage hovered at 3.35% for the week ending Dec. 27, down from 3.37% a week earlier and 3.95% last year, according to Freddie Mac’s Primary Mortgage Market Survey.

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CHICAGO (MarketWatch) – Interest rates on the 30-year fixed-rate mortgage hit another low this week, averaging 3.88% in Freddie Mac’s most recent survey of conforming mortgage rates, released.

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With a 30 year fixed rate mortgage you lock in today’s interest rate for thirty years. The opposite of a fixed rate mortgage is an adjustable rate mortgage (ARM). With interest rates near historic lows, locking in today’s rate is a very smart move for most people.

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