The 15-year mortgage rate falls to a record 2.87%.
Fixed mortgage rates fell for the sixth straight week, with the benchmark 30-year fixed mortgage rate retreating to a four-month low of 3.57%, according to Bankrate.com. The average 30-year fixed mortgage has an average of 0.31 discount and origination points.
The news was even better on the average 15-year fixed mortgage, which set a new record low of 2.8%. The larger jumbo 30-year fixed mortgage rate held at 3.98%.