Mortgage rates took yet another dip to reach new all-time record lows according to Freddie Mac.
Take a look at the latest average rates:
-30 year fixed rate: 3.84% This rate has reached a new historical low; the last record for a 30 year fixed rate mortgage was set in February of this year at 3.87%
-15 year fixed rate: 3.07% This also had reached a historical low. The last record for a 15 year fixed rate mortgage was set in April of this year at 3.11%
-5 year adjustable rate: 2.85% Last year, these rates were at 3.47%
-1 year adjustable rate: 2.7% Again, this is a record low for this mortgage rate!
Read the full Freddie Mac Press Release
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