Mortgage Rates Hit Record Low. Again.

Mortgage Rates Hit Record Low. Again.

According to Freddie Mac on Thursday the average rate on the 30-year fixed mortgage dropped to a new record 3.91 percent (down from 3.94 percent the previous week) which is the third time this year that rates have hit new lows.

The 3.91 percent rate is the lowest average for long-term fixed mortgages on records dating back to  the 1950s.

The average on the 15-year fixed mortgage remained the same this week at 3.21 percent which is also a record.

Interested in how these rates translate to potential monthly mortgage payments? Check out our handy Wahomeowners Calculators to see!