Mortgage rates still falling
- July 29, 2010
Fixed mortgage rates fell again to an all-time low last week, according to Freddie Mac.
The average rate for a 30-year, fixed-rate mortgage in the U.S. was 4.54 percent, down from 4.56 percent the prior week. This marks the sixth straight week of record-low averages since Freddie Mac began its weekly report on 30-year mortgage rates in 1971.
During the same week a year ago, the average 30-year, fixed-rate mortgage was 5.25 percent.
Fifteen-year mortgages also hit a new low at 4 percent, compared with 4.03 percent a week ago and 4.69 percent last year.