Mortgage Rates Dip Further

Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) results released Sept. 27 show fixed mortgage rates breaking their previous average record lows.  This should help to keep affordability high and refinancing strong to support an already improving housing market.  All mortgage products, except the 5-year ARM, averaged new all-time record lows.

Mortgage Rates at Record Lows

Freddie Mac’s Primary Mortgage Market Survey (PMMS®) results released Sept. 20 showed fixed mortgage rates at or near their all-time record lows. The average 30-year fixed rate mortgage matched its all-time record low at 3.49 percent, and the average 15-year fixed fell to a new all-time record low at 2.77 percent.