15-Year Fixed Rate Mortgage Interest Rates Reach 2.97%

Still making headlines are record low mortgage interest rates. The newest record was set this week by 15-year fixed rate mortgages with an average 2.97% rate based on Freddie Mac’s Primary Mortgage Market Survey. For the fifth week in a row, 30-year fixed mortgage rates continued to reach historic lows with the most recent average rate reaching 3.75%. See how these rates compare to the same time last year and how adjustable-rate mortgage rates are faring at http://bit.ly/JzgjJk

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