According to Freddie Mac’s Primary Mortgage Market Survey, HousingWire reports interest rates will finish out the year at near record lows. For the week ending Dec. 27, the average 30-year fixed-rate mortgage (FRM) hit 3.35 percent, down from 3.37 percent the previous week, and well below 3.95 percent from a year ago. Frank Nothaft, Freddie Mac chief economist and V.P., says, “The 30-year fixed-rate mortgage averaged 3.66% for 2012, the lowest annual average in at least 65 years. Unchanged from last week was the 15-year FRM at 2.65 percent, but well below 3.24 percent a year ago. As MHProNews has learned, with the 30-year FRM nearly .06 points below the Jan 1, 2012 rate, a borrower could save almost $98,600 over the life of a $200,000 mortgage.

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