Freddie Mac Survey Finds 30-Year Mortgage Now at 3.53 Percent

Mortgage rates fell again in the latest week, taking both the 30-year and 15-year fixed-rate mortgages to new record lows, Freddie Mac said July 19.

The average for the 30-year, fixed-rate mortgage dropped to 3.53 percent from 3.56 percent the previous week.

The 30-year loan was at 4.52 percent this time last July.

It has been below the 4 percent threshold all but one week this year.

The average for the 15-year, fixed-rate mortgage eased to 2.83 percent from 2.86 percent; it was 3.66 percent at this time a year ago.

The one-year, Treasury-indexed adjustable rate mortgage averaged 2.69 percent, ...