May 4, 2012 – Average U.S. rates for a  30-year and 15-year fixed mortgages fell to record lows this week, offering more incentive for Americans to buy and/or refinance homes.

Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan fell to 3.84 percent. this is the lowest rate  since long-term mortgages began in the 1950s. That is below the previous record rate of 3.87 percent reached in February.

The 15-year mortgage, dropped to 3.07 percent. The previous record of 3.11 percent was hit three weeks ago.

The average on one-year adjustable rate loans also dropped to a record low of 2.7 percent last week, down from 2.74 percent last week.

 

 

VictoriaLorusso

Keller Williams Prestige Properties

203-324-9600 CT

561-656-2929 FL

203-249-2693c

www.HomesofFairfieldCounty.com

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1 Comments on 30-year mortgage hits record 3.84%

MAY
07
2012
655,545 Points 2 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

These interest rates are fabulous and should get the buyers interested in the market.
6:20am • #1


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Victoria Lorusso, Florida and CT Real Estate

North Palm Beach, FL

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Keller Williams Prestige Properties

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