Mortgage rates take a dive, 15-year hits all-time low
Fixed mortgage rates plummeted a full tenth of percent this week, marking their third consecutive week of decline in the wake of disappointing jobs numbers, according the data released Thursday by Freddie Mac.
The 15-year fixed rate average hit a new record low this week of 3.11 percent. (LARRY DOWNING - REUTERS) The 15-year fixed-rate average dropped to a new all-time low of 3.11 percent, down from 3.21 percent last week and far lower than its mark of 4.13 percent one year ago. The previous low for the 15-year came in March when the average hit 3.13 percent. The 30-year also approached its record low of 3.87 (set in February), averaging 3.88 percent this week after hovering just below 4.00 percent the last two weeks. This time last year, the 30-year averaged 4.91 percent.
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The 15-year fixed rate average hit a new record low this week of 3.11 percent. (LARRY DOWNING - REUTERS) The 15-year fixed-rate average dropped to a new all-time low of 3.11 percent, down from 3.21 percent last week and far lower than its mark of 4.13 percent one year ago. The previous low for the 15-year came in March when the average hit 3.13 percent. The 30-year also approached its record low of 3.87 (set in February), averaging 3.88 percent this week after hovering just below 4.00 percent the last two weeks. This time last year, the 30-year averaged 4.91 percent.
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