Personal Liberty Digest™ will be upgraded this weekend to reflect a dynamic new look and mobile-friendly viewing to enhance your experience! Plus, we'll be providing even more of the compelling content you've come to expect, delivered in a whole new way!

  Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

30-Year Mortgage Rate Ties Record Low

WASHINGTON, Dec. 15 (UPI) — The average fixed mortgage rates are at or near all-time lows, Freddie Mac said Wednesday.

The 30-year fixed rate of 3.94 percent matched a record low set Oct. 6, and the 15-year fixed rate of 3.21 percent set a record low, the Federal Home Loan Mortgage Corp.’s Primary Mortgage Market Survey for the week ending Thursday indicated.

A 5-year adjustable rate mortgage had 2.86 percent rate for the week, setting a record, Freddie Mac said.

“Mortgage rates were at or near all-time record lows this week amid a rough environment for housing,” said Frank Nothaft, Freddie Mac vice president and chief economist.

Nothaft noted that the Federal Reserve reiterated Monday that the U.S. housing market remained depressed.

“Over the first nine months of 2012, households lost almost $400 billion in property values which contributed to a $1.4 trillion reduction in overall net worth,” Nothaft said.

In addition, delinquency rates — 90 or more days delinquent plus foreclosures — on mortgages rose slightly between June 30 and Sept. 30, he said, breaking a six consecutive quarters of decline.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “30-Year Mortgage Rate Ties Record Low”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.