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2013 May 29
0
Lloyd Segal
...07.
The most popular mortgage, the 30-year fixed rate, came in at 3.35%, a
drop of 0.05 percentage point and only 0.04 percentage point above its
record low set the week of November 21, 2012.
The rates provide a welcome boost to the housing market and to the
overall economy, according to Frank Nothaft, Freddie Mac's chief
economist.
"Residential fixed investment added to overall economic growth over the
past eight consecutive quarters and contributed more than 0.3 percentage
points in growth over the first three months of this year," he said.
"[N]ear record low mortgage r...