Mortgage Rates Hit Record Low ... Again - KATV - Breaking News, Weather and Razorback Sports

Mortgage Rates Hit Record Low ... Again

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If you've ever considered getting a 15-year loan for your house, now may be the time to do it.  Mortgage rates are at record lows... again! 

According to Freddie Mac, the 30-year is now at 3.31%... and the 15-year-rate averaged 2.63%. That's down from 2.65% a week ago. 

One executive says it may make sense for current mortgage borrowers and new home buyers to look at shorter-term loans. It's all part of a positive trend for the housing industry. Existing home sales, prices and new construction are all recording upticks. 

(source: CNN)