WASHINGTON, July 26 (UPI) -- Fixed mortgage rates on long-term loans in the United States hit record lows again in the week ending Thursday, the Federal Home Loan Mortgage Corp. said.
The average 30-year fixed mortgage has been below 4 percent for every week but one in 2012, Freddie Mac said, as interest rates for 30-year, fixed-rate loans dropped from 3.53 percent to 3.49 percent with 0.7 points.
In the same week of 2011, interest rates for 30-year loans averaged 4.55 percent.
For 15-year loans in the week ending Thursday, interest rates fell from 2.83 percent to 2.8 percent with an average 0.7 points. A year ago, 15-year loan rates averaged 3.66 percent.