World Economy

US Mortgage Rates Low

US Mortgage Rates LowUS Mortgage Rates Low

US Mortgage rates fell to just above the all-time low this week, extending an opportunity for homeowners to refinance. At 3.52%, the average rate on the 30-year, fixed-rate mortgage was a dash higher than the all-time low rate of 3.5% on Dec. 5, 2012. That’s the only time that the benchmark rate on the 30-year fixed has been lower than this week’s rate since began its weekly mortgage rate survey in 1985. This is the 4th time it’s been 3.52%.