30-year mortgage rate at record low says Freddie Mac

By on Nov 11, 2011 in Business, Finance Comments
30 year mortgage rate

30-year mortgage rate
Image Credit: Freddie Mac

The 30-year mortgage rate falls down from 4 percent to 3.99 percent, according to a Freddie Mac report on Thursday, November 10, 2011.

The National Bureau of Economic Research announced that the 30-year Mortgage Rate dropped to a record low of 3.94 percent about five weeks ago.

Last week, reports said that the average rate on the 15-year fixed mortgage was down from 3.31 percent to 3.30 percent. The 15-year mortgage rate fell to a record of 3.26 percent about five weeks ago.

According to reports, mortgage rates is on a decline due to the shift of investors’ money to other Treasury because of uncertainty on the issue of the European debt crisis. Some analysts expect the crisis to worsen.

Spread The News!

Tags: , ,


Related News

What's On Your Mind?