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

 

This entry was posted in Housing Market by Kara Kienzler. Bookmark the permalink.

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 www.illinoisrealtor.org and www.yourillinoishome.com. 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 www.iarbuzz.com 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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