For the third straight week, mortgage rates remain at a record low.
This morning, Freddie Mac reported 3.87 percent with an average 0.8 point as the average on a 30-year fixed mortgage. Rates have now been below 4 percent for eleven straight weeks and below 5 percent for 52 straight weeks.
Fixed mortgage rates remained unchanged from last week, according to the weekly market survey from Freddie Mac.
15-year mortgage rates stayed at 3.16%, matching last week’s average and down from 4.27% from 2011.
Frank Nothaft, chief economist for Freddie Mac, said the unaltered rates come amid mixed economic signals, including a decline in consumer sentiment and a four-year high in homebuilder confidence.
Interest rates since March 2011
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