Mortgage rates are again at new historic lows with 30 Year Fixed Rate Mortgages below previous historic lows hit this past quarter. The survey goes back 50 years, so it’s quite significant that we continue to reach new lows. Could we see 30 Year rates below 3%? Seems like a distinct possibility, if not a probability.
Freddie Mac’s Weekly Survey was released this morning with its most recent assessment of the mortgage rate landscape. See the details of their survey below.
(dynamic chart with current info)