The average 30-year mortgage hit a new all-time low of 3.07% this week, according to data from Freddie Mac released Thursday.

“Mortgage rates continue to slowly drift downward with a distinct possibility that the average 30-year fixed-rate mortgage could dip below 3 percent later this year,” Sam Khater, Freddie Mac’s chief economist.

 

This week’s 3.07 percent average 30-year fixed-rate mortgage is the lowest rate Freddie Mac has reported since it began recording average rates in 1971.

The 15-year fixed-rate mortgage averaged 2.56 percent, down slightly from last week’s 2.59 percent average and down from last year’s 3.18 percent average. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3 percent, down from last week’s 3.08 percent average and last year’s 3.45 percent average.

 

current mortgage rates according to the Freddie Mac primary mortgage market survery
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  1. 3 beds, 2 full, 1 half baths
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About the author

Michael Mahoney

Michael Mahoney

Boston Realtor

Michael Mahoney is a full time Realtor in Boston, Massachusetts. Michael covers most of Greater Boston. Michael's focus areas are primarily Norfolk and Suffolk Counties. You can reach Michael via email at mike@mmahoney.com or via phone at 617-615-9435. Michael is a sales agent affiliated with Century 21.

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