Mortgage Rates Hold at Record Lows

Record-low mortgage rates stuck around for another week, allowing home buyers and refinancers to lock-in ultra low financing, Freddie Mac reports in its weekly mortgage market survey. Both the 30-year and 15-year fixed-rate mortgages matched their all-time lows.

"Mortgage rates were virtually unchanged this week hovering at or near record lows and should further help to support a recovering housing market,” says Frank Nothaft, Freddie Mac’s chief economist.
Here’s a closer look at rates for the week ending June 28: Read more....

RESOURCE: Daily Real Estate News | Friday, June 29, 2012