WDNG Media - Interest Rates on 30 year fixed mortgage at a record low

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Interest Rates on 30 year fixed mortgage at a record low

Thursday, May 24, 2012

For the fourth week in a row, 30 year fixed mortgage rates have gone down. 30 year fixed mortgage dropped from 3.79% to 3.78% last week. Last year the same mortgage rate was at 4.60%.

15 year fixed mortgage also dropped from 3.78% to 3.04% last year. With lower home prices and better interest rates the housing market should boom. Buying a home is at its most affordable level that it has been in two decades, reported by the National Association of Home Builders and Wells Fargo.

Article by : Zandra Hall

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Keywords: Interest Rate on Mortgage, 30 year mortgage rate hits low, 30 year fixed mortgage,

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