2012’s final mortgage rate report showed that mortgage rates have fallen near record lows, keeping home prices low and home affordability at a significantly high percent. According to Freddie Mac’s Primary Mortgage Market Survey, 30-year fixed rate mortgage loans dropped from 3.95% to 3.35% from this time last year, and 15-year fixed rate mortgage loans decreased 3.24% from one year ago. The 5-year, Treasury-indexed hybrid, showed that adjustable-rate mortgages are also lower than the 2.88% rate recorded last year. More here
