15 Year Mortgage Rates Hit All-Time Low

Freddie Mac reported yesterday that the 15 year fixed mortgage rate average fell to its all-time low last week. It's hard to believe that rates have continued to remain so low for so long. The 15 year average came in at 3.13% (.8 pts), down .04% from the previous week. The 30 year average also shifted lower going from 3.90% to 3.88% (.8 pts). Frank Nothaft of Freddie Mac noted that the Corelogic National Home Price Index move down for a sixth consecutive month to its lowest level in January 2003. That's good news for home buyers looking for great deals at unbelievably low interest rates.

Below is a snapshot of current mortgage rates pulled from ForTheBestRate.com today. We used Louisiana mortgage rates for the survey. Please visit www.forthebestrate.com for the quoting criteria used in the survey and to contact the various lenders and brokers. Rates and fees are subject to change without notice.

30 Year Fixed Mortgage Interest Rates
Quicken Loans: 4.125% Rate, 1 pt, $2057 Fees in APR, 4.275% APR
Amerisave: 3.875% Rate, .576 pts, $1995 Fees in APR, 4.006% APR
LendingTree Loans: 4.000% Rate, .625 pts, $1500 Fees in APR, 4.115% APR
United Pacific Mortgage: 3.625% Rate, 1 pt, $950 Fees in APR, 3.746% APR

15 Year Fixed Mortgage Interest Rates
Quicken Loans: 3.375% Rate, 1 pt, $1557Fees in APR, 3.636% APR
Amerisave: 2.875% Rate, .742 pts, $1995 Fees in APR, 3.127% APR
LendingTree Loans: 3.250% Rate, .750 pts, $1500 Fees in APR, 3.469% APR
United Pacific Mortgage: 2.875% Rate, 1 pt, $950 Fees in APR, 3.088% APR

Other Related Posts and Resources:
Previous Mortgage Rate Snapshot
New Orleans Mortgage Rates