MonitorBankRates
☰

Mortgage Rates Near Historic Lows: 30 Year Mortgage Rates at 4.76%, 15 Year Mortgage Rates at 4.25%

Mortgage Rates Near Historic Lows 30 Year Mortgage Rates at 476 15 Year Mortgage Rates at 425Mortgage rates are hovering just above historic lows this past week. 30 year mortgage rates have stayed under 5.00 percent for eight consecutive weeks. The last time 30 year mortgage rates were above 5.00 percent was on May 3, 2010 when rates were averaging 5.03 percent. Mortgage rates have been slowly drifting lower since May 3 but the declines accelerated when the sovereign government debt crisis in Europe started a few weeks ago. Weaker U.S. employment reports also drove mortgage rates lower.