15-Year Mortgage Hits a Record Low

Daily Real Estate News  |  June 4, 2010

Interest on 30-year fixed home loans averaged 4.79 percent this week — up slightly from 4.78 percent a week ago but still near historic lows.

The average rate on 15-year fixed loans hit a record low of 4.2 percent, down from 4.21 percent; while interest on one-year adjustable-rate mortgages was unchanged at 3.95 percent, and the five-year ARM fell to 3.94 percent from 3.97 percent.