Business
Business

Mortgage rates stay low

By Christopher Quinn
May 10, 2012

Average fixed mortgage rates hit record lows for a second consecutive week, according to Freddie Mac.

Thirty-year fixed mortgages averaged 3.83 percent as of May 10, down from 3.84 the week before. Also dropping were 15-year mortgage rates, which averaged 3.05 percent. A year ago at this time those rates averaged 3.82 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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