Average rate on 30-year fixed mortgage backs away from seven-month high; 15-year falls ASSOCIATED PRESS NEW YORK — Rates on fixed mortgages dipped this week after rising steadily over the last two months. Freddie Mac says the average rate on the 30-year mortgage dropped to 4.77 percent from 4.86 percent the previous week. It hit [...]

15-year mortgage rates fall to record low Rates for 30-year mortgages edged up a bit for a second week in a row, but rates for a 15-year home loan fell to a record low, mortgage giant Freddie Mac reported today. Interest rates for 15-year loans have met or set a record low in 11 of [...]

The 15-Year Mortgage Gains Fans These days mortgage holders are saying, “let’s just get this over with.” Some are putting cash-in to take advantage of historically low interest rates others are refinancing into 15 year mortgages. Read more on Wall Street Journal Blogs