30 year fixed-rate mortgage drops below 4% again

30-Year Fixed-Rate Mortgage Averages 3.99 Percent

Freddie Mac’s Primary Mortgage Market Survey showed average mortgage rates changing little from the previous week amid a mix of economic data reports as the 30-year fixed-rate mortgage averaged 3.995, dropping below 4.00% for the second time this year.  The 30-year fixed averaged 3.94% in the October 6, 2011 survey. 

30-year fixed-rate mortgage (FRM) averaged 3.99% with an average 0.7 point for the week ending November 10, 2011, down from last week when it averaged 4.00%. Last year at this time, the 30-year FRM averaged 4.17%.