General World News

Record low mortgage rates hold steady at 2.72%

The average U.S. mortgage rate for a 30-year fixed loan remained unchanged at 2.72% this week, Freddie Mac said in a report on Thursday – the second week in a row rates have sat at the lowest recorded level in the survey’s near 50-year history.

The average fixed rate for a 15-year mortgage also remained unchanged from last week at 2.28%.

After another week at the record low, there have now been 18 consecutive weeks when average mortgage rates have been below 3%. This also marks the second time in the survey’s history rates have fallen below 2.75%.

These consistently low rates are advantageous for borrowers – details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com