Business
Business

Mortgage rates down

By Christopher Quinn
June 21, 2012

Freddie Mac's mortgage survey shows fixed rate mortgages hit new average record lows this week.

Thirty-year fixed-rate mortgages averaged 3.66 percent interest for the week ending June 21. Last week it was 3.71 percent, and last year at this time it averaged 4.5 percent.

Fixed-rate 15-year mortgages were lower also, averaging 2.95 percent. A year ago at this time, the 15-year mortgage averaged 3.69 percent.

--Christopher Quinn

About the Author

Christopher Quinn is a writer and editor who has worked for The Atlanta Journal-Constitution since 1999. He writes stories on Veterans Affairs, business including high-tech growth in metro Atlanta, Georgia's $72 billion farm economy, and he oversees assigning and editing news obituaries.

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