According to Freddie Mac, the 30-year fixed mortgage rate matched its all-time low during the first days of the new year, marking the fifth straight week that the benchmark has averaged under 4 percent. Freddie Mac reports that the rate settled at an average 3.91 percent for the week ended Jan. 5, down from 3.95 percent a week earlier and 4.77 percent a year earlier. The 15-year fixed rate averaged 3.23 percent, meanwhile, down from 3.24 percent a week earlier and 4.13 percent a year earlier.
It is a GREAT time to lock in an ALL-TIME LOW interest rate!
[SOURCES: Freddie Mac; Information, Inc.]
