Thinking of buying or refinancing? Now is an excellent opportunity with affordable home prices and mortgage interest rates hitting record lows.
Mortgage rates fall yet again – near record low
Fixed mortgage rates fell to at or near record lows. As reported Thursday by Freddie Mac the average rate for the 30-year fixed mortgage fell to 4.32 percent (from 4.39 percent). This is very close to the 30-year loan record low of 4.17 percent last November.
The average rate on a 15-year fixed mortgage fell to a record low of 3.50 percent (down from the previous week’s record rate of 3.54 percent).
Wondering how much mortgage you can afford? Or what your monthly payments would be? Check out our calculators to see!