30-Year Fixed Rate Mortgage Falls To A New Record Low

According to Freddie Mac’s weekly survey, rates on a 30-year fixed-rate mortgage averaged 3.88% for the week ending yesterday, which is a new record low, down from 3.89% the previous week and 4.74% a year ago. Rates on 15-year fixed-rate mortgages averaged 3.17%, up slightly from 3.16% last week and below 4.05% a year earlier.

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