Mortage Rates Still Hovering Near Historic Lows


Posted on Sep 07, 2012

U.S. rates on fixed mortgages changed little this week and are still slightly above record lows reached earlier this year. The low rates have aided a modest housing recovery.

Mortgage buyer Freddie Mac said Thursday the rate on the 30-year loan slipped to 3.55 percent, down from 3.59 percent last week. Six weeks ago, the rate fell to 3.49 percent, the lowest since long-term mortgages started in the 1950s.

The average on the 15-year fixed mortgage, a popular refinancing option, was unchanged at 2.86 percent. That's above the record low of 2.80 percent reached six weeks ago.

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