Mortgage Rates Hit New Record Lows

A 30-year fixed-rate mortgage averaged 3.91 percent in the week ending Dec. 22, down from 3.94 percent last week, setting a new all-time low for 30-year mortgages. “Rates on 30-year fixed mortgages have been at or below 4 percent for the last eight weeks and now are almost 0.9 percentage points below where they were at the beginning of the year,” said Freddie Mac Chief Economist Frank Nothaft. The greater affordability provided by lower rates helped push existing home sales higher in November for a second consecutive month to an annualized pace of 4.42 million, the most since January.


  1. Akmal says:

    they can’t keep the rates too low for too long (thats partially how we got into this enitre housing mess) because rates were so low people could spend more than they could afford and then the rates rest blowing everyone out of the water on budgets

Leave a Reply

Your email address will not be published. Required fields are marked *