Mortgage rates on 30-year and 15-year fixed-rate mortgages fell to historic lows once again this week, according to mortgage giant Freddie Mac.
The rate for a 30-year mortgage fell to 3.56%, down from 3.62% last week, Freddie Mac (FRE) said in its weekly report. The 30-year fixed rate has matched or hit a new low for 11 of the past 12 weeks. Last year, the 30-year fixed rate stood at 4.51%.
Read More: Mortgage rates fall to another record low
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.