Mortgage Rates Continue to Hover at Record Lows

The average rate on the 30-year mortgage edged down this week to hover again above record lows. Cheaper rates have spurred modest improvements in the battered housing market, but not enough to signal.

Fixed-Rate Mortgages Continue To Reach Record Lows. By. Orb Staff-July 12, 2012. 0. Both the average 30-year and 15-year fixed-rate mortgage (FRM) hit new lows, according to data from Freddie Mac. The 30-year FRM averaged 3.56% with an average 0.7 point for the week ending July 12, down from last week when it averaged 3.62%. The product, which.

Low interest rates that continue to hover near record lows are helping troubled borrowers and. announced that more than 850,000 homeowners received loan modifications from mortgage servicers in.

Average fixed mortgage rates dipped slightly last week, remaining near their all-time record lows, according to the recently released Freddie Mac Primary Mortgage Market Survey (PMMS). The 30.

Fixed mortgage rates hovered near their record lows this week, Freddie Mac said, with lenders offering the 30-year fixed home loan at an average of 3.34%, down from 3.35% a week ago.

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According to Freddie Mac’s latest Primary Mortgage Market Survey (PMMS), fixed-rate mortgages in the U.S. remained at or near their 60-year lows this week, helping to drive record high homebuyer affordability. The 15-year fixed, a popular choice among refinance borrowers, averaged a new all-time record low of 3.13 percent.

House prices were still falling nationally, even though mortgage lending rates were at “record lows.” Lowe raised the possibility of further rate cuts, saying the RBA board would “continue to monitor.

Rates continue to inch back down toward 3.31 percent. Average U.S. rates on fixed mortgages moved closer to their record lows this week.Mortgage buyer Freddie Mac says the average rate on the 30.

The figure has hovered around record-lows for five straight weeks. The public lending firm reported the rate on 30-year home loans grew slightly to 4 percent, up from 3.98 percent the week before, while the average 15-year mortgage rate was unchanged at 3.3 percent.