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For the first time ever – 30-Year Mortgage Rates Drop Below 4%


30-Year Mortgage Rates Drop Below 4%

For the first time ever, 30-year fixed-rate mortgages fell below 4 percent.  In the last month mortgage rates have continued to set new weekly record lows, but the 30-year mortgages’ latest drop to 3.94%  may be an important threshold for potential buyers. The 30-year mortgage is the most popular financing option of buyers.  15-year fixed averaged 3.26%, another all time low.

Home buyers taking out loans for purchase is expected to more than double in the next two years. 

By Melissa Dittmann Tracey, REALTOR® Magazine Daily News


By: on October 7th, 2011 Category: Uncategorized