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Slow Economy and Government Actions Lead to 11 Weeks of Lower 30-Year Fixed Rates
Slow Economy and Government Actions Lead to 11 Weeks of Lower 30-Year Fixed Rates McLEAN, VA -- Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.96 percent with an average 0.7 point for the week ending January 15, 2009, down from last week when it averaged 5.01 percent. Last year at this time, the 30-year FRM averaged 5.69 percent. The 30-year FRM has not been lower since Freddie Mac started the Primary Mortgage Market Survey in 1971. Rest of Story on Real Estate News Link on Left side of page!!

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