Freddie Mac Reported Lowest Mortgage Rate In History
Freddie Mac this week released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.86%, the lowest rate in its survey’s history, which dates back to 1971. “Mortgage rates have hit another record low due to a late summer slowdown in the economic recovery,” said Sam Khater, Freddie Mac’s Chief Economist. …
The post Freddie Mac Reported Lowest Mortgage Rate In History appeared first on theMReport.com.
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