Tag Archives: 15-Year Mortgage Rates Sink to New Lows

The 15-year fixed-rate mortgage reached a new all-time record low this week, averaging 2.61 percent, Freddie Mac reports in its weekly mortgage market survey. The 5-year adjustable-rate mortgage also reached a new record low this week of 2.58 percent. This marked the fourth-consecutive week mortgage rates inched lower. “The housing market is getting a boost with mortgage rates hovering at or near record lows,” says Frank Nothaft, Freddie Mac’s chief economist. Freddie Mac reports the following national averages for mortgage rates for the week ending April 25: 30-year fixed-rate mortgages: […]