Mortgage Rates at Another Record Low: 30 Year Mortgage Rates at 4.58%, 15 Year Mortgage Rates at 4.04%

Mortgage rates have hit another record low with the exception of 1 year adjustable mortgage rates in Freddie Mac's Primary Mortgage Market Survey released yesterday. 30 year fixed conforming mortgage rates declined to 4.58 percent for the week ending July 1, 2010, down from the prior week’s average 30 year mortgage rate of 4.69 percent. Average mortgage discount points remained unchanged at 0.7 points.