Sunday, August 30, 2015
Current Weather
Loading Current Weather....
Published: Friday, 7/27/2012

Fixed-rate mortgages fall to record low


WASHINGTON -- The average rate on the 30-year fixed mortgage dropped this week below 3.5 percent for the first time on records dating back 60 years, mortgage buyer Freddie Mac said Thursday that the rate fell to 3.49 percent from 3.53 percent last week.

The average rate on the 15-year fixed mortgage dipped to a record low 2.8 percent from last week's previous record of 2.83 percent.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.