Jul
5
By Donna Gehrke-White
Sun Sentinel
9:59 a.m. EDT, June 21, 2012
Average interest rates on 30-year, fixed-rate home loans fell to new historic lows this week, Freddie Mac reported Thursday.
The average 30-year fixed rate plunged to 3.66 percent, down from last week's 3.71 percent. The 30-year fixed rate loan has remained below 4 percent since December, with the exception of one week, according to Freddie Mac. Last year at this time, the average rate was at 4.5 percent.
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Average interest rates on 15-year, fixed-rate mortgages also dropped this week -- to 2.95 percent, after registering at 2.98 percent last week, Freddie Mac said. Last year at this time the average rate was at 3.69 percent.
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