30-year mortgages slip to 3.88%; 15-year at 3.13%

3/9/2012

WASHINGTON — Fixed mortgages remain a bargain at the start of the spring-buying season: The average rate on the 30-year mortgage dipped, while the 15-year loan fell to a record low.

Freddie Mac said Thursday the rate on the 30-year loan ticked down to 3.88 percent, from 3.90 percent the previous week. The average on the 15-year fixed mortgage fell to 3.13 percent, from 3.17 percent a week ago.