Weekly Mortgage Rates Continue Record Drop

Published on May 02, 2013
Weekly Mortgage Rates Continue Record Drop
Weekly Mortgage Rates Continue Record Drop

Freddie Mac reported in it's Primary Mortgage Market Survey® (PMMS®) that all four weekly averages in the report dropped, and the 15-year fixed-rate mortgage average reached a record low of 2.56%.  The 5/1-Yr ARM and 1-Yr ARM also dropped to 2.56%.  The 30-yr fixed-rate mortgage average dropped to 3.35%, only .04% off the record low set the week of November 21, 2012.