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15 YR Interest Rates Break Records

Mortgage News > 15 YR Interest Rates Break Records
Date: 06/01/2012    15 YR Interest Rates Break Records

It was reported Thursday by Freddie Mac that interest rates for a 15-yr-fixed-mortgage have dropped below 3 percent ending at 2.97percent, a slight drop from last week’s already low rate of 3.04 percent.

Rates on a 30-yr-fixed-mortgage fell as well to 3.75 percent from the previous week’s rate of 3.78 percent.

Freddie Mac's vice president and chief economist Frank Nothaft’s reaction to the record low rates, “It's unreal, isn't it?"

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