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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> new home sales

Mortgage rates for 15-year loan at record low

Posted by RJ and Makay on Aug 04, 2011

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The average rate on a 15-Year fixed mortgage has fallen to a level not seen in decades. Freddie Mac announced yesterday that the rate for the popular loan had fallen to 3.54% from 3.66 % the previous week, the lowest rate since it began tracking it in 1991.  Also, the average rate on a 30-year fixed loan fell to a year low 4.39% from 4.55% the previous week, but is still above its record low of 4.17% last November.