US Mortgage Rates Fall To Record Low Level

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US Mortgage Rates Fall To Record Low Level

By Mark Perry on January 2, 2009 | More Posts By Mark Perry | Author's Website

30-year fixed rate mortgages closed out the year at 5.14% (data here, see graph above), the lowest rate on record (data back to 1964 here). Falling mortgage rates and falling home prices will be important factors in the real estate market’s recovery in 2009.

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1 Comment :

Comment by Mortgage

2009-01-02 23:21:07

5.14 percent is a great rate but 4.5 percent 30 year fixed mortgage rates are going to come in January.

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