WASHINGTON – Mortgage rates again declined to all-time lows, with the average for the benchmark 30-year loan slipping to 3.49% this week from 3.55% last week, according to Freddie Mac.
Processing Content
The average for the 15-year, fixed-rate mortgage also fell again to 2.77%, from 2.85% last week.
ARM rates were mixed, with the average for the five-year ARM rising to 2.76% from 2.72% last week; and the average for the one-year ARM holding steady at 2.61%.
“Following the Federal Reserve’s announcement of a new bond purchase plan, yields on mortgage-backed securities fell bringing averaged fixed rates to their all-time record lows which should aid on the ongoing recovery,” said Frank Nothaft, chief economist for Freddie Mac.
