Tag Archives: 15-Year Rates Sink to New Low of 2.65%

Fixed-rate mortgages pushed lower for the fifth-consecutive week, with low mortgage rates further driving the housing recovery over the near term, says Frank Nothaft, Freddie Mac’s chief economist. This week, the 30-year fixed-rate mortgage hovered near its all-time record low, while 15-year rates set a new record. Freddie Mac reports the following national averages with mortgage rates for the week ending May 2, 2013: 30-year fixed-rate mortgages: averaged 3.35 percent, with an average 0.7 point, just shy of its 3.31 percent record set during the week of Nov. 21, 2012. […]