Mortgage Rates Hit Two Month Low!

Rates for home loans tumbled for a third week, making real estate one of the only places to hide — at least for now. The 30-year fixed-rate mortgage averaged 4.75% in the Dec. 6 week, down six basis points, mortgage liquidity provider Freddie Mac said Thursday. The 15-year fixed-rate mortgage averaged 4.21%, down from 4.25%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 4.07%, down three basis points.