Mortgage rates end near record low
- December 27, 2012
The average 30-year, fixed-rate mortgage rate slid to 3.35 percent this week, according to Freddie Mac’s Primary Mortgage Market Survey.
The 30-year rate was down from 3.37 percent last week. A year ago at this time the average 30-year rate was 3.95 percent.
The average 15-year, fixed –rate mortgage held steady this weekend at 2.65 percent. A year ago, the 15-year rate was 2.88 percent.
“Rates on 30-year fixed mortgages were nearly 0.6 percentage points below that of the beginning of the year, which translates into an interest payment savings of nearly $98,600 over the life of a $200,000 loan,” Freddie Mac Chief Economist Frank Nothaft said in a statement. “Moreover, opting for a 15-year fixed mortgage at today’s rates, a homeowner could save an additional $138,400 in interest payments.”