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.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.