Morning Minute: 30-year, fixed-rate mortgage finishes year near record lows

Freddie Mac reports today that mortgage rates finished the year near record lows, helping to keep homebuyer affordability high.  A 30-year fixed-rate mortgage (FRM) averaged 3.35 percent, while the 15-year FRM averaged 2.65 percent. Last year the 30-year FRM averaged 3.95 percent, while the 15-year FRM averaged 3.24. Read the news release from Freddie Mac.

In other news:

Even as prices rise, owning easily beats renting cost in ChicagoCrains 

Consumer Confidence Dips; New Home Sales RiseNPR 

‘Move-up’ buyers trending in suburban areaDaily Herald


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About Kara Kienzler

Kara Kienzler is Webmaster/Communications Coordinator for the Illinois Association of REALTORS® (IAR). She serves as Webmaster for the IAR websites including and She is responsible for the design, layout, printing and online strategy of IAR publications including the Illinois REALTOR® magazine, e-newsletters and other publications, and assists with new releases, issues research, surveys and speechwriting. She also plans and develops content for the IAR blog at and coordinates the Illinois REALTOR® magazine Twitter account content at ILREALTORmag. She coordinates the Leadership Directory and serves as co-liaison to the Illinois Young Professionals Network.

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