Mortgage Rates Plummet
The average 30-year fixed rate mortgage now at the lowest level in almost four years.
Freddie Mac says 30-year fixed rate mortgages averaged 5.48 percent this week, down from 5.69 percent last week. It is the fourth consecutive week mortgage rates have declined.
It is the lowest level for 30-year fixed rate mortgages since March 25, 2004, when the average was 5.40 percent.