Average 30-Year Mortgage Rate A Record 3.91 Pct.

By: AP
By: AP

WASHINGTON (AP) -- The average rate on the 30-year fixed mortgage fell to a record 3.91 percent this week, the third time this year that rates have hit new lows.

Freddie Mac says the rate on the 30-year home loan fell from 3.94 percent the previous week. The average on the 15-year fixed mortgage was unchanged at 3.21 percent. That's also a record.

Low rates offer a historic opportunity for those who can afford to buy a home or refinance. But many Americans either can't take advantage of the rates or have already done so.

Rates have been below 5 percent for all but two weeks in 2011. Even so, this year is shaping up to be one of the worst ever for home sales.

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  • by Ron Paul on Dec 22, 2011 at 09:11 AM
    Boom & Bust cycles. Ron Paul 2012 is the only one who predicted the housing bubble and understands what's going on. Stupid sheep vote for Romney or Gingrich.
  • by aldon on Dec 22, 2011 at 08:33 AM
    This article states mortgage rate record low 3.91, what is going on? Another article on the same page claims that mortgage rates are moving up, from 4.1 to 4.2. Who in the h^^^ is right?
  • by realistic on Dec 22, 2011 at 08:12 AM
    and even with this new low rate NO One wants to buy. 1) cities are going after for property taxes to sustain redistribution of wealth 2) in Col Spgs anything above 100K and mountain view aint worth it 3) the govt is not guaranteeing that the economy will improved.
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