Mortgage Rates Again Hit Record Lows
Mortgage rates again hit record lows. The average interest rate on 30-year, fixed-rate mortgages matched its all-time low by dropping to 3.49 percent this week from 3.55 percent last week, Freddie Mac reported yesterday. A year ago, rates for 30-year mortgages averaged 4.09 percent.
Meanwhile, the average rate on 15-year, fixed-rate mortgages fell to a record low of 2.77 percent this week from 2.85 percent last week. A year ago, rates for 15-year mortgages averaged 3.29 percent
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