Fixed mortgage rates nearing record lows
Posted at: 01/04/2013 7:04 AM
Fixed mortgage rates are nearing record lows again.
According to mortgage buyer Freddie Mac, the average rate on a 30-year fixed loan slipped from 3.35-percent to 3.34-percent last week. That's one drop closer to the record low of 3.31-percent reached in November.
The record low for a 15-year fixed loan is 2.63. It also dropped last week from 2.65 to 2.64.