Freddie Mac says the average rate on a 30-year fixed mortgage slipped to 5 percent from 5.05 percent last week. It hit a 40-year low of 4.17 percent in November.
The average rate on the 15-year fixed home loan also fell to 4.27 percent from 4.29 percent. It reached 3.57 percent in November, the lowest level on records dating back to 1991.
Top StoriesPolice calls jump on Nashville's honky-tonk strip- Metro Nashville may raise pension vesting from 5 to 10 years- Joe Biddle: Munchak must avoid lockout if Titans are to succeed- TN religious leaders join call to free jailed Afghan aid worker- See all Top Stories
Most PopularMonday's TrafficHillsboro students hold vigil for fallen classmatesAnother assistant close to signing up with TitansBabin wants security from Titans, not just moneyFairgrounds controversy gets national TV attention
Look who got Bieber-ized!
Caught Cute at MS Luncheon
Miss America 2010 talks about first impressions
Most CommentedLawyers say cap isn't needed on civil lawsuit damages87Fairgrounds controversy gets national TV attention57Babin wants security from Titans, not just money26ADVERTISEMENT
Real Estate Outlook: Small GainsNashville firm part of $100 million real estate deal