Mortgage Rates Fall to Yet Another New Record – a Low of 3.66 percent

Mortgage Rates Fall to Yet Another New Record – a Low of 3.66 percent

Freddie Mac reported Thursday that the average U.S. rate on a 30-year fixed mortgage dropped to a record low of 3.66 percent (down from 3.71 percent the previous week) for the seventh time in eight weeks. The rate on the 30-year loan has been below 4 percent since December.

The average rate on the 15-year mortgage dropped from 2.98 percent the previous week to 2.95 percent, which is just above the record 2.94 percent reached two weeks ago.

These low rates make it an excellent time to buy or refinance for those who are able. Check out our Homeownership Simplified section a for information & tips on buying a house in Washington State as well as our handy calculators to figure out potential mortgages, closing costs, and more!