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Mortgage rates for the year at lowest rate since 1947

Mortgage rates, which took some dramatic dips in 2012, were among the lowest on record this year, according to data released by Freddie Mac on Thursday. The 30-year fixed-rate average dropped to 3.35 percent, down 0.7 from the week before. It is substantially lower than the 3.95 percent level it reached during the final week of 2011.

 

Mortgage Rates Reach Record Lows

U.S. mortgage rates dropped to new lows after the latest round of gloomy economic data hurt Treasury yields, according to Freddie Mac's weekly survey of mortgage rates.

 

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