DAILY Wrap-Up & Commentary on: (OTC:FMCC), (NYSE:VZ)
Federal Home Loan Mortgage Corporation (OTC:FMCC) released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates moving lower for the fourth consecutive week continuing to support the ongoing housing recovery. The 15-year fixed-rate mortgage hit a new all-time record low at 2.61 percent for the week, as did the 5-year ARM at 2.58 percent. The previous record low for the 15-year fixed was 2.63 percent set the week of November 21, 2012.
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