MarketWatch reports that mortgage rates have fallen with a 30-year fixed-rate mortgage averaging 3.13%. This is a new all-time low for the fourth time this year, and it is getting the interest of home shoppers.
The 4% mortgage is back! The average rate on a 30-year fixed rate mortgage was down nearly a quarter point this week from a week earlier, its biggest drop in over a decade. Mortgage rates are fast approaching 4%, low enough to help the housing market rebound as the spring season approaches.