Freddie Mac reported the average rate on the 30-year fixed mortgage fell this week below 4% for the second time in history. Five weeks ago, the average mortgage rate dropped to a record low of 3.94%.
Current week's average....
30-year fixed.................3.99
15-year fixed.................3.30
5-year adjustable...........2.98
1-year adjustable..........2.95
SOURCE: FREDDIE MAC PRIMARY MORTGAGE MARKET SURVEY.