Mortgage rates hit a record low nationally for the second consecutive week, with 15-year rates now standing below five-year adjustables, according to figures released Thursday by Freddie Mac.
The 15-year rates were at 2.69, below the ARM’s average 2.72. The 30-year rates, at 3.36, were down from the previous week’s 3.40.
Frank Nothaft, Freddie Mac’s vice president and chief economist, attributed the lower rates to “mortgage security purchases by the Federal Reserve and indicators of a weakening economy.”
Here are New England’s numbers:
30-year: 3.39 percent
15-year: 2.71 percent
30-year: 3.42 percent
15-year: 2.75 percent
A year ago
30-year: 3.92 percent
15-year: 3.27 percent