Tuesday, August 23, 2011

30-Year Conventional Mortgage Rate, Rates at All Time Low (Chart, 8-23)

By Bob DeMarco
All American Investor

Mortgage rates hit an all-time low according to Freddie Mac's Primary Mortgage Market Survey.

30-year fixed-rate mortgages averaged 4.15% last week. 15-year fixed-rate mortgages averaged 3.36%.

Source(s): Board of Governors of the Federal Reserve System
Release: H.15 Selected Interest Rates
Units: Percent
Frequency: Weekly, Ending Thursday

Contract interest rates on commitments for fixed-rate first mortgages. Source: Primary Mortgage Market Survey data provided by Freddie Mac. Please refer to the series WMORTG for historical data.

Original content Bob DeMarco, All American Investor