The Mark Spain Team

Thirty-Year Mortgage Rate Falls Below 4%
The average rate for the conventional 30-year fixed mortgage has dropped below the 4 percent mark for the first time in history, according to numbers released Thursday by Freddie Mac. The GSE's market analysis also shows that the 15-year fixed rate - which has become a popular refinancing option among existing homeowners - fell to its lowest level on record for the sixth consecutive week.