Friday, November 20, 2009

Record Low for 15 Year Rate

According to Realtor Magazine and the Boston Herald, 15 year interest rates hit a historic low this week bottoming at an average of 4.32%. This rate has been tracked by Freddie Mac since 1991.

The lowest rate on record for a 30 year loan is 4.78% and this week it has hit 4.83%, close to the lowest we have seen.

Source: Boston Herald, Thomas Grillo (11/20/09; Realtor Magazine

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