The Good News Continues

Freddie Mac has released the results of its Primary Mortgage Market Survey, showing fixed-rate mortgages continuing to hover near their all-time record lows helping to keep homebuyer affordability high and aiding the ongoing housing recovery.

As 2013 began, the 30-year Fixed averaged 3.34 percent with an average 0.7 point for the week ending Jan. 3, 2013, down from last week when it averaged 3.35 percent. Last year at this time, the 30-year FRM averaged 3.91 percent. Also this week, the 15-year Fixed averaged 2.64 percent with an average 0.7 point, down from last week when it averaged 2.65 percent. A year ago at this time, the 15-year FRM averaged 3.23 percent.