Mortgage News

Mortgage Rates For 30-Year U.S. Loans Fall To A Record-Low 3.78%

May 25th, 2012

U.S. mortgage rates for 30-year loans fell to a record low for a fourth straight week, reducing borrowing costs as a housing recovery takes hold.

The average rate for a 30-year fixed mortgage dropped to 3.78 percent in the week ended today from 3.79 percent, Freddie Mac said in a statement. It was the lowest in the McLean, Virginia-based mortgage-finance company’s data dating to 1971. The average 15-year rate held at 3.04 percent, also a record.  READ MORE HERE... *

*Rate information based on Freddie Mac Weekly Primary Mortgage Market Survey, and do not consistute a rate quote.  Restrictions and qualifications may apply.