Madison McCutcheon

NMLS # 1705889

757-366-8690

madison@tidewaterhomefunding.com

Madison McCutcheon Mortgage Advisor

Weekly Mortgage Rates Continue Record Drop

Weekly Mortgage Rates Continue Record Drop

Freddie Mac reported in it's Primary Mortgage Market Survey® (PMMS®) that all four weekly averages in the report dropped, and the 15-year fixed-rate mortgage average reached a record low of 2.56%.  The 5/1-Yr ARM and 1-Yr ARM also dropped to 2.56%.  The 30-yr fixed-rate mortgage average dropped to 3.35%, only .04% off the record low set the week of November 21, 2012.