Mortgage rates nationwide plunged to new lows not seen in over 50 years. Here are some key national averages from Freddie Mac, but of course, review this local rate table to see how low you can go in your area:
- 30-year fixed-rate mortgage average is 4.15% with an average 0.7 points for the week ending August 18, 2011, down from last week when it averaged 4.32%.
- 15-year fixed-rate mortgage average is 3.36% with an average 0.6 points, down from last week when it averaged 3.50 percent.
- 5 Year Adjustable Rate Mortgage rate is 3.08% with an average 0.5 points.