Mortgage rates slide - 13 WTHR Indianapolis

Mortgage rates slide

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WASHINGTON -

Mortgage rates remain at or near record lows. The average rate on a 30-year fixed mortgage fell to 3.37 percent from 3.39 percent. That's just above its record low set earlier this month.

Meanwhile the average rate on 5-year mortgages, which are often used when refinancing, hit a record low of 2.66 percent.

The cheaper mortgages are helping fuel a modest but steady housing recovery.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

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