Average rates on 30 year mortgages drop to 4.71% setting a new all time low. Anyone thinking about taking a break from house hunting during the holiday’s might want to reconsider….this may be the last time for a long time that we see mortgage rates this low…
The rate, published Thursday by Freddie Mac, is the lowest since the mortgage finance company began tracking the data in 1971. The previous record of 4.78 percent was set during the week ending April 30 and matched last week.