The average rate on the 30-year fixed mortgage dropped back down to 3.94 percent, the record low set earlier in the fall.
Low rates offer a historic chance for those who can afford to buy or refinance.
According to Freddie Mac, the rate on the 30-year home loan fell from 3.99 percent the previous week.
Dating to the 1950s, the 3.94 percent average is the lowest on record.
The average on the 15-year fixed mortgage dropped to 3.21 percent from 3.27 percent.
That’s a record as well.
Rates have been under 5 percent for all but two weeks this year.
Source: sltrib.com