Mortgage interest rates plummet to new lows -- some below 2.9%

Average interest rates plummeted to new historic lows, this week for both 30- and 15-year fixed-rate home loans, Freddie Mac reported Thursday.


The average 30-year fixed rate fell to 3.62 percent this week. Last week, it was at  3.66 percent. The mortgage rate has matched or hit a new record low in 10 of the last 11 weeks, Freddie Mac reported Thursday. The 30-year fixed rate loan has remained below 4 percent since December, with the exception of one week, according to Freddie Mac. Last year at this time, the average rate was at 4.6 percent.




                                                     Mortgage interest rates plummet to new lows -- some below 2.9%