Low mortgage rates one more time this week. According to Freddie Mac, rate on a 30 year mortgage plan dropped to 3.76%. If the buyer chooses a 15 year fixed plan, the rates is even lower, 2.99%. These are excellent numbers for homebuyers since the rates have been falling for the past 12 months.
According to the Mortgage Bankers Association, there was an increase in mortgage applications of 25.5%.