15-year mortgage hits record low at 2.35%

The average rate on the 15-year fixed-rate mortgage slipped to a new record-low of 2.35% last week.
Mortgage buyer Freddie Mac reported Thursday that weekly drop in 15-year average rates from 2.37% on Sept. 10 and 3.21% a year ago. The average rate on the 30-year home loan edged up to 2.87% from a record low 2.86% the previous week. By contrast, the 30-year rate averaged 3.73% a year ago.
Sign up for The Home Stretch email newsletter filled with housing news from around the region! Subscribe her