WASHINGTON — The average rate on the 30-year fixed mortgage fell back down to 3.94 percent, matching the record low set earlier in the fall.
Low rates offer a historic opportunity for those who can afford to buy or refinance.
Still, few people are able to take advantage of the record-low rates or have already done so.
The rate on the 30-year home loan fell from 3.99 percent the previous week, Freddie Mac said Thursday.
The 3.94 percent average is the lowest on records dating to the 1950s.
The average on the 15-year fixed mortgage fell to 3.21 percent from 3.27 percent.