The average U.S. rate on the 30-year fixed mortgage touched its record low this week (Sept 19) and the rate on 15-year mortgage hit a new record.
Photographer: AP Graphics Bank
Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Average interest rates matched all-times lows this week for both 30- and 15-year fixed-rate home loans, Freddie Mac reported Thursday.
The average 30-year fixed rate was at 3.66 percent this week, the same as it was last week when it plunged to a historic low. The 30-year fixed rate loan has remained below 4 percent since December, with the exception of one week, according to Freddie Mac. Last year at this time, the average rate was at 4.51 percent.
Average interest rates on 15-year, fixed-rate mortgages dropped this week to match the record low of 2.94 percent, set earlier this month, Freddie Mac said. Last week, the average was at 2.95 percent, according to Freddie Mac. Last year at this time the average rate was at 3.69 percent.
Click here to see the latest mugshots in Palm Beach County
Click here to see the latest mugshots in St. Lucie County.
Get the latest updates, photos and video from the devastation in Moore, Okla. Also, see how to help.
Latest Money Headlines
Bad news for Manhattanites who use Airbnb to rent out their apartments temporarily: New York City officials have ruled that the service violates an "illegal hotel" law.