Mortgage Rates at Lowest Level Ever Recorded MBA: 30 Year Mortgage Rates at 4.57%, 15 Year Mortgage Rates at 3.95%

Mortgage rates decreased to the lowest level ever recorded in the latest Mortgage Applications Survey. Both 30 year mortgage rates and 15 year mortgage rates made record lows. Although mortgage rates hit record lows mortgage loan application volume was flat according to the Mortgage Bankers Association.