Mortgage Interest Rates Reach Historic Lows

Freddie Mac yesterday released the latest results of its Primary Mortgage Market Survey, and it found what by now has become common ? that average fixed mortgage rates hit record lows last week.
The 30-year FRM averaged just 3.79 for the week ending May 17, a four basis point decline from the 3.83 percent of the week prior and a substantial drop from the 4.61 percent from last year.
Brian Guzman, an agent with Coldwell Banker in Lakeview, �said the low interest rates have had an empirical effect on his business.
“My personal ...

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