Mortgage rates continued their downward plunge this week, reaching new all-time lows for both the 30-year and 15-year fixed-rate loans.
The average rate for a 30-year fixed-rate mortgage dropped 0.04 percentage point to 3.49%, according to the weekly survey by Freddie Mac. Meanwhile, the 15-year fixed-rate fell to 2.80% from 2.83% the week before. Rates have fallen or matched lows for 13 of the past 14 weeks.
Read More: Mortgage rates drop again
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.