Mortgage Rates At Record Lows For 30-Year, 15-Year Loans

by Categorized: Banks Date:

Mortgage rates hit record lows nationally for 30-year (3.34 percent) and 15-year (2.68 percent) loans in the past week, according to data released Thursday by Freddie Mac.
The previous record for 30-year mortgages, 3.36 percent, was set in early October. The record low for 15-year mortgages, 2.66 percent was set in mid-October.
Here are the weekly figures from New England:

This week:
30-year: 3.38 percent
15-year: 2.68 percent

Last week:
30-year: 3.40 percent
15-year: 2.69 percent

A year ago
30-year: 4.00 percent
15-year: 3.32 percent

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2 thoughts on “Mortgage Rates At Record Lows For 30-Year, 15-Year Loans

  1. Loans

    The relevance of home finance is that people need not make full amount needed to build or purchase a home i.e. they cannot afford to make a large, lump sum cash payment at the time. Therefore, they take help from a bank or any financial institution for that matter. The full cost of the loan, usually called a mortgage, is based upon the principal amount borrowed and interest rate charged to use the money and the home finance provided by money lending or banking institutions, is referred to as a mortgage.

  2. Loans

    Owning a house is a dream for every human being. Economic liberalization and competition among retail finance companies have made it easier for clients to secure a loan. However, there are eligibility criteria to be met to secure home loans and it is totally based on the amount of income that you draw as salary i.e. you cannot get any amount of home loan irrespective of your income.

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