Tags: Mortgage | Rates | record | low

Fixed Mortgage Rates Drop Again to Record Lows

The average rate on the 30-year fixed mortgage fell back down to 3.94 percent, the record low set earlier in the fall.

Low rates offer a great opportunity for those who can afford to buy or refinance. Still, few people are able to take advantage of them.

Freddie Mac says the rate on the 30-year home loan fell from 3.99 percent the previous week. The National Bureau of Economic Research says 3.94 percent is the lowest rate ever.

The average rate on the 15-year fixed mortgage fell to 3.21 percent from 3.27 percent. That's also a new record.

Rates have been below 5 percent for all but two weeks this year. Yet this year could be the worst for home sales in 14 years.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
2Share
FinanceNews
The average rate on the 30-year fixed mortgage fell back down to 3.94 percent, the record low set earlier in the fall.Low rates offer a great opportunity for those who can afford to buy or refinance. Still, few people are able to take advantage of them.Freddie Mac says the...
Mortgage,Rates,record,low
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved