The average fixed mortgage rates for 15- and 30-year loans hit a record low for the second straight week, according to figures released Thursday by Freddie Mac.
The national average for a 30-year loan was 3.83 percent in the past week. The 15-year rate was 3.05. Both rates were slightly higher in New England (see below).
“Following April’s weaker than expected employment report, and the French and Greek election results raising concerns over the stability of the Euro currency zone,” said Frank Nothaft, Freddie Mac’s vice president and chief economist, “long-term Treasury bond yields declined allowing fixed mortgage rates to ease to new all-time record lows this week.”
New England rates:
This week
30-year: 3.84 percent
15-year: 3.06 percent
Last week
30-year: 3.84
15-year: 3.07
A year ago
30-year: 4.63
15-year: 3.83
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