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Mortgage rates hit another record low

 

Mortgage rates hit another record low

Mortgage rates dropped again last week, sending both 15-year and 30-year fixed rate loans to record lows, according to CNN News.

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The average rate on the 30-year fell to 3.34 percent, 0.06 lower than the previous week, according to mortgage giant Freddie Mac.  The 15 year fell 0.04 percentage point to 2.65 percent.

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The new lows reflect increased demand for government bonds, according to Keith Gumbinger, of HSH.com, a mortgage information company.

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