Interests Rates for Fixed-Rate Mortgages Remain at All Time Lows

Freddie Mac’s Primary Mortgage Market Survey reveals this week that the average interest rate on a 30-year fixed-rate mortgage was 3.90% and 15-year fixed-rate mortgage rates averaged at 3.17%. Both of these interest rates experienced a slight decrease from last week’s survey results. Five-year adjustable-rate mortgages inched up over last week to average at 2.83% while one-year adjustable-rate mortgages decreased slightly to an average 2.72%. http://bit.ly/ABzmsh

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