MoneyRates Blog

Mortgage Rates to Lowest Level in 37 Years

December 19, 2008
By MoneyRates team | Money-Rates Columnist

Freddie Mac reported that the average rates on fixed mortgages fell to 5.19% on a 30-year loan and 4.92% on a 15-year loan which marks the lowest level since the Freddie Mac lender surveys began in the early 1970s. The ability to refinance a mortgage loan at lower rates is better for homeowners who have [...]

Posted in 15-year fixed| 30-year fixed| mortgage rates| mortgages | 1 Comment
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