US Mortgage Rates at Near Record Lows

US Mortgage rates closed out the year near record lows, keeping home affordability at a significant high as the nation and housing market moves towards an uncertain future in 2013.

The 30-year, fixed-rate mortgage hovered at 3.35 per cent for the week ending on Dec. 27, 2012 down from 3.37 per cent a week earlier and 3.95 per cent last year, according to Freddie Mac's Primary Mortgage Market Survey.

The 15-year, fixed-rate mortgage remained unchanged from last week at 2.65 per cent and is down from 3.24 per cent a year ago.