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2012 Mortgage Report Shows Rates At Record Low

2012 Mortgage Report Shows Rates At Record Low

| Dec 31, 2012 | Housing Market

2012’s final Mortgage rate report showed that Mortgage rates have fallen near record lows, keeping home prices low and home affordability at a significantly high percent. According to Freddie Mac’s Primary Mortgage Market Survey, 30-year fixed rate Mortgage loans dropped from 3.95% to 3.35% from this time last year, and 15-year fixed rate Mortgage loans decreased 3.24% from one year ago. The 5-year, Treasury-indexed hybrid, showed that adjustable-rate mortgages are also lower than the 2.88% rate recorded last year. More here

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