The interest rate on a 30-year, fixed-rate mortgage reached a new low this week, falling to an average of 3.66%, according to a weekly survey of rates from Freddie Mac.
That was 0.01 percentage point below the previous record set two weeks ago. The rate for a 15-year, fixed dropped to 2.95%, a tick above the record low. The lows mirror bond yield performance.
Read More: 30-year mortgage rate hits record low – Jun. 21, 2012.
Travis Saxton is the marketing and technology manager at REAL Trends. Prior to operating this arm for REAL Trends, Travis was the director of online services for a newspaper consulting company. He greatly enjoys working with real estate companies adapt new cutting edge strategies and perfecting their online presence and systems. He has experience in the following areas: Websites, SEO/SEM, CRM/Lead Generation Systems, Traditional Marketing and Social Media Marketing, Real Estate Technology Consulting.