US mortgage rates reach historic depths below 3%: Freddie Mac

US mortgage rates reach historic depths below 3%: Freddie Mac

US 30-year fixed-rate mortgages fell to 2.98% this week, from 3.03% in the prior week, according to data released by Freddie Mac. This is the first time since 1971 that the rate fell below 3%. Rates for 15-year fixed mortgages fell to an average of 2.48%, from 2.51% in the prior week. While 5-year hybrid adjustable-rate mortgages rose to an average of 3.06%, from 3.02% in the previous week.

Sandra
Sandra
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