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Freddie Mac: Doubtful Rates Will Return to Recent Lows

March 26, 2014 11:36 am

blue interest rates"One thing seems certain: we aren't likely to see average 30-year fixed mortgage rates return to the historic lows experienced in 2012." - Freddie Mac,  March 24, 2014 There are those that hope that 30-year mortgage interest rates will head back under 4%. Obviously, for any prospective home purchaser that would be great news. However, there is probably a greater chance that interest rates will return to the greater than 6% rate of the last decade before they would return to the less than 3.5% rate of 2012. Freddie Mac, in one of four original posts on their new blog, explained that current rates are still extremely low compared to historic averages: