30-Year Mortgage Rates Match All-Time Low

The average 30-year fixed rate mortgage matched its all-time low, 3.49 percent, and the 15-year fixed hit a new low, 2.77 percent, in the past week, according to figures released Thursday by Freddie Mac.

“Following the Federal Reserve’s announcement of a new bond purchase plan, yields on mortgage-backed securities fell bringing average fixed mortgage rates to their all-time record lows which should aid in the ongoing housing recovery,” says Frank Nothaft, Freddie Mac’s vice president and chief economist.

Here are the numbers in New England:

This week:
30-year: 3.50 percent
15-year: 2.78 percent

Last week:
30-year: 3.56 percent
15-year: 2.87 percent

A year ago
30-year: 4.08 percent
15-year: 3.30 percent