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Mortgage levels falling June 2010 rates

Mortgage rates fell to new record lows across the board this past week, according to the new survey out this morning by Freddie Mac.

The average rate on 30-year fixed-rate loans fell to an all-time low 4.69 percent, down from 4.75 percent last week. The current rate is nearly three-quarters of a percentage point lower than the average 5.42 percent that was reported for this same week one year ago.

The average on 15-year fixed rate loans dropped to 4.13 percent, another record low, down from 4.20 percent the week before and two-thirds of a percent lower than the 4.87 percent rate one year ago.

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Category: Mortgages

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