Long Term Mortgage Rates Reach All Time Low

Freddie Mac’s Primary Mortgage Market Survey shows 30-year mortgage rates at their lowest level ever.  30-year fixed mortgages averaged 5.14 percent, the lowest rate recorded since Freddie Mac began the survey.

15-year fixed mortgages averaged 4.91 percent, down a basis point from last week.  5-year adjustable rate mortgages averaged 5.49 percent.

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