30-YEAR BELOW 3.50: The average U.S. rate on the 30-year fixed mortgage fell below 3.50 percent for the first time on records dating back 60 years.
THE NUMBERS: The rate on the 30-year loan dipped to a record low of 3.49 percent, mortgage buyer Freddie Mac says. The rate on the 15-year mortgage declined to 2.80 percent, also a record.
OUTLOOK: Cheaper mortgages have helped drive a modest but uneven housing recovery this year.
True Crime
The hottest stories ripped from the headlines, from crime to courts, legal and scandal.
By entering your email and clicking the Subscribe button, you agree to the Fox News Privacy Policy and Terms of Use, and agree to receive content and promotional communications from Fox News. You understand that you can opt-out at any time.
