Mortgage News

30 & 15 Year Mortgage Rates Reach Record Lows for Fifth Week

July 19th, 2012

According to Freddie Mac's Weekly Primary Mortgage Market Survey, the average on the 30-year loan rate dropped to 3.53%*.  That is the lowest weekly average since long-term mortgages began in the 1950's.  The weekly average rate on the 15-year mortgage dropped to 2.83%*.

In comparison, the 30-year loan rate on July 21, 2011 was 4.52%, and the 15-year rate was 3.66%.

* http://www.freddiemac.com/pmms/