Interest Rates Hit All Time Low
Blog, Market Updates, Real Estate News {Infograpic} Southen Californians might be worried about their tax rates going up, but at least they don’t need to worry about mortgage rates going up any time soon.We hit the all-time low interest rate for a 30-year fixed mortgage, reached in the week ending Thursday, according to Freddie Mac. The average 15-year rate slipped to 2.65 percent, also a record. Home prices are rising, in part because of reduced interest rates. Low borrowing costs have made refinancing more appealing and helped the housing market recover by making purchases more affordable. Check out this cool infographic.