Mortgage Rates Hold Near Record Lows


Posted by on Apr 26, 2012 in Headlines | 0 comments

Fixed mortgage rates held near record lows this week as the markets waited for the Federal Reserve monetary policy announcement following two days of deliberations.

The Freddie Mac survey showed the 30-year, FRM averaged 3.88% for the week ending Thursday, inching down from the prior week’s average of 3.90%. Last year at this time, the 30-year FRM averaged 4.78%.

The 15-year FRM, a popular refinancing choice, averaged 3.12%, slightly falling from last week when it averaged 3.13%. A year ago, the average rate for a 15-year FRM was 3.97%.

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Author Bio: Travis Saxton is the marketing and technology manager at REAL Trends. Prior to operating this arm for REAL Trends, Travis was the director of online services for a newspaper consulting company. He greatly enjoys working with real estate companies adapt new cutting edge strategies and perfecting their online presence and systems. He has experience in the following areas: Websites, SEO/SEM, CRM/Lead Generation Systems, Traditional Marketing and Social Media Marketing, Real Estate Technology Consulting.

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