After reaching its all-time record-breaking low of 3.87 percent since the first week of February; the average 30-year fixed-rate mortgage has been below 4 percent for the past 11 weeks. It's also been below 5 percent for the past year since February 17, 2011.
The 15-year fixed mortgage rate this week averaged 3.16 percent with an average 0.8 point which matches last week when it was still at 3.16 percent. A year ago the 15-year fixed mortgage rate averaged 4.27 percent.