Another record low has been reached this week as Freddie Mac reports that 30-year fixed rate mortgage loans averaged just 3.84%. This is down from 3.88% and marks the lowest number on record. The drop in large part was achieved in a run towards bonds by investors who were seeking safety on renewed concenrs regarding the ecnomic recovery. Of course this news is encouraging for anyone looking to purchase a home and perhaps some that have held off on refinancing to this point. The rates for 15-year fixed rate mortgages averaged just 3.07%.
