Mortgage rates hit new historic lows last week, as the average 30-year fixed rate fell to 3.87 percent, according to Freddie Mac Mortgage Market Survey released Thursday.
The 30-year dropped after nudging up a bit the previous week to 3.98 percent, but overall the rate has remained below 4 percent for a couple months. Other rates hit new lows, including the 15-year, which fell to an average 3.14 percent, down 0.8 percentage points.
Compared to the same period a year ago, average 30-year fixed rate was 4.81 percent and the 15-year was 4.08 percent.
