Mortgage rates breaking records again

Demand for purchase loans still off from last year

Mortgage rates surveyed by Freddie Mac hit new lows this week, but low rates alone may not be enough to spur homebuyer demand, a separate survey by the Mortgage Bankers Association suggests.

Freddie Mac’s Primary Mortgage Market Survey showed rates on 30-year fixed-rate mortgages averaging 3.91 percent with an average 0.7 point for the week ending Dec. 22, down from 3.94 percent last week and 4.81 percent a year ago.