Industry NewsMortgage

Mortgage rates fall again

15-year fixed-rate at record low
Published on Sep 18, 2009

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by CareyBot

Long-term mortgage rates fell for the third week in a row, with 15-year fixed-rate loans hitting a new record low and the 30-year fixed-rate hovering at just above 5 percent, Freddie Mac said in releasing the results of its weekly Primary Mortgage Market Survey.

The 30-year fixed-rate mortgage (FRM) averaged 5.04 percent -- with an average 0.7 point -- for the week ending Sept. 17, Freddie Mac said, down from 5.07 percent last week and 5.78 percent a year ago.

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