Mortgage Interest Rates Return To Record-Low Levels Again!

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Mortgage rates hit or returned to record-low levels again in two weekly surveys.

The Freddie Mac weekly survey put the average interest rate for a 30-year fixed-rate mortgage (FRM) at 4.56% with a 0.7 origination point for the week ending July 22, down from 4.57% last week.

The Bankrate weekly survey of large banks and thrifts put the 30-year FRM average at 4.77% with a 0.39 origination point, tying the record low for the survey after last week's slight increase to 4.77%. It marks the 10th weekly decline in the past 13 weeks of the Bankrate survey.

Freddie's 15-year FRM averaged 4.03% with a 0.7 origination point, a new record low after 4.06% last week. Bankrate said 15-year FRM rates averaged 4.18%, tying the record low set in the week of July 7.

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