Update1: Mortgage Rates Drop to 54-Year Lowsby Tim Manni
Update1: At the close of business today, the 30-year Conforming fixed rate rang in at 4.69%.
Original post: At the close of business yesterday, the 30-year Conforming fixed rate rang in at 4.75%, according to HSH.com. That’s a 54-year low for mortgage rates (from what we can reckon), the lowest we’ve ever recorded.
However, mortgage-rate records are very spotty when you go back five-plus decades, and comparing rates from today with rates from 1956 isn’t exactly fair since the mortgage market was quite different back then.
If you have data available from even earlier, send it along, we’d love to see it!