US Mortgage Rates Reach All-Time Low

Mortgage Rates in the U.S. Decline to Lowest on Record

By Prashant Gopal
May 31, 2012


The average rate for a 30-year mortgage dropped to 3.75 percent in the week ended today from 3.78 percent, Freddie Mac (FMCC) said in a statement. It was the lowest in the McLean, Virginia- based mortgage-finance company’s records dating to 1971. The average 15-year rate declined to 2.97 percent, also a record, from 3.04 percent.

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