Mortgage rates hit record low; under 4 percent

Printer-friendly versionSend by email

Fixed rate mortgages drop to 3.94 percent

October 06, 2011

For the first time ever, the fixed rate on a 30-year mortgage has dropped below 4 percent.

The average rate of 3.94 percent dropped from 4.01 percent last week, Fannie Mae reported today. Rates on 15-year mortgages averaged 3.26 percent.

30-year fixed rates have been below 5 percent for all but two weeks this year, but have had little impact on home sales.

Comments on: "Mortgage rates hit record low; under 4 percent"

September 2016

This Month in Professional Builder

Features

No one wants to hear about how great it was 30 years ago. Experience is one thing, but relevance is just as important. 

Overlay Init