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December 01, 2008

30-Year Fixed-Rate Mortgage Rate at Seven-Week Low according to Freddie Mac Weekly Survey

McLean, VA – Freddie Mac (NYSE:FRE) today(Nov. 26, 2008) released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.97 percent with an average 0.7 point for the week ending November 26, 2008, down from last week when it averaged 6.04 percent.  Last year at this time, the 30-year FRM averaged 6.10 percent. 

......"However, declining house prices and low mortgage rates have raised housing affordability in September to the highest level since February of this year, according to the National Association of Realtors® (NAR)."

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