April 19, 2024 1:40 pm
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Mortgage rates fall to (another!) new record low

By Alex Roha | Housingwire

The average U.S. mortgage rate for a 30-year fixed loan fell one basis point this week to 2.71%, Freddie Mac said in a report on Thursday – the lowest rate in the survey’s near 50-year history. This week’s rate broke the previous record set on Nov. 19.

The average fixed rate for a 15-year mortgage also fell last week to 2.26% from 2.28%.

With this week’s record drop, there have now been 18 consecutive weeks when average mortgage rates have been below 3%. This also marks the third time in the survey’s history that rates have fallen below 2.75%, and the 14th time this year rates have broken their own record.

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