30-Year Fixed Mortgage Rate Falls Below 4 Percent

U.S. Newswire › October 06, 2011

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MCLEAN, Va., Oct. 6, 2011 /PRNewswire/ -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey(R) (PMMS(R)), showing the average rate for the conventional 30-year fixed mortgage dropping below 4 percent for the first time in history amid increasing global economic concerns. The 15-year fixed, a popular refinancing option, also fell to the lowest level on record for the sixth consecutive week.

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30-Year Fixed Mortgage Rate Falls Below 4 Percent

30-year fixed-rate mortgage (FRM) averaged 3.94 percent with an average 0.8 point for the week ending October 6, 2011, down from l...

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