mortgage rates fall to new recordsmortgage rates for 30-year loan now stand at 3.78 percent. fixed mortgage rates for 15-year loans are unchanged at 3.04 percent, a record low.bankrate: mortgage rates at new record lowsnew york, may 31, 2012 /prnewswire/ -- this week brought yet another record low in mortgage rates, with the average 30-year fixed mortgage rate falling to the record low of 3.94 percent according to bankrate.com's ...low mortgage rates attracting more short-term borrowerswith the 15-year rate in sub-3% territory, about 3 in 10 refinancers are opting for loans of less than 30 years. traditional 30-year fixed-rate loans are averaging 3.75%, a record low for the fifth straight week. as mortgage rates sink deeper into record territory, homeowners are refinancing into 15-year loans at a pace not seen in a decade, aiming to pay off their debt in time for retirement.what next for mortgage rates?the best new mortgage rates have leapt in recent months, but will they keep rising and should you take a fixed or tracker deal? read our latest analysis. |
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