Mortgage Rates Stay Low; 15-Year Lowest Since ’91

Washington, DC, Sept. 25, 2009–Mortgage rates remained at three-month lows this week, with the 30-year fixed-rate mortgage averaging 5.04%, unchanged from last week, according to Freddie Mac’s weekly survey of conforming mortgage rates.

The 30-year fixed-rate mortgage averaged 6.09% a year ago.

The 15-year fixed-rate mortgage averaged 4.46% — the lowest it has been since Freddie Mac started tracking it in 1991 — for the week ending Sept. 24, down slightly from its 4.47% average last week. The mortgage averaged 5.77% a year ago.

The five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 4.51%, unchanged from last week. The ARM averaged 6.02% a year ago.