Mortgage Rates Make Fresh Lows: 30 Year Mortgage Rates at 4.57%, 15 Year Mortgage Rates at 4.07%

Mortgage rates hit fresh lows this past week with the exception of 15 year mortgage rates. 30 year mortgage rates and 5 year adjustable mortgage rates have all hit all time lows in Freddie Mac’s Primary Mortgage Market Survey released yesterday. 30 year fixed conforming mortgage rates down to 4.57 percent for the week ending July 8, 2010, a slight decline from the previous week’s average 30 year mortgage rate of 4.58 percent. Average mortgage discount points on 30 year mortgages remained unchanged at 0.7 points.