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.
|1.||Paul Rolly: Blogger fired from language school over ‘homophonia’|
|2.||TV preview: ‘Hell on Wheels’ mocks Mormons|
|3.||Movie review: ‘Guardians of the Galaxy’ breaks the Marvel mold|
|4.||Utah Jazz have plenty of cap space, decisions ahead|
|5.||Sean P. Means: In battle of comic cons, Salt Lake is already winning|
|6.||Take off your clothes to make it in reality TV|
|7.||Richard Linklater on making ‘Boyhood,’ a year at a time|
|8.||Tennis: China’s Li Na pulls out of U.S. Open because of knee|
|9.||Work begins on final office building at Lehi’s tech hub|
|10.||Utah Jazz: Michigan man sues Burke, Shaq for defamation|