The average rate for 30-year fixed-rate home loans hit another record low this week, according to mortgage giant Freddie Mac. That's a full percentage point below last year's levels, when many experts were contemplating if rates could even go any lower.
Rates for 30-year home loans averaged 3.49 percent this week, down from 3.53 percent last week. Last year at this time, average rates for 30-year mortgages were about 4.5 percent.
If you can handle the higher monthly payments on a 15-year loan, those are averaging a super-super low 2.80 percent, down from 2.83 percent last week. That's also about one percentage point below last year's levels.