Mortgage Rates Hit New Record Low - 30 yr @ 3.79%

Published by: Geno on 17th May 2012 | View all blogs by Geno
For the third consecutive week, average rates for 30/15yr fixed mortgages fell. 30-year rates hit a new low, falling to 3.79%, down from last week's record low of 3.83%.  15-year rates dropped to 3.04%, down from last week's record of 3.05%.  

The current rates are the lowest on record since long-term mortgages began in the '50s.

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