Best rates of the year bolster home shoppers, refinancersNovember 16, 2012 @ 8:05 am
Home shoppers and refinancers will be pushed along by record low mortgage interest rates, a trend that has helped the housing market start to recover this year.
According to Freddie Mac, the 30-year, fixed-rate average dipped to 3.34 percent, down from 3.40 a week ago and lower than the previous year-low bottom of 3.36 percent six weeks ago.
The average on the 15-year mortgage slipped to 2.65 percent, down from 2.69 percent last week and a tick below the former bottom of 2.66 percent reached four weeks ago.
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