Mortgage Interest Rates Fall To Their Lowest Rate Ever Recorded, Again – Forbes

Mortgage rates written on a model of house.
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The threshold many thought could never be crossed, has been crossed.
The average interest rate for a 30-year mortgage dropped below 3%, as Freddie Mac reported yesterday, settling in at 2.98% for the week that ended July 16th. For a 15 year loan the average rate was 2.58%. Once again interest rates have reached the lowest rates ever recorded in the fifty years that Freddie Mac has been tracking the data.
As expected, the continued decline h…

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