The 15-year, fixed-rate mortgage broke the 3% barrier for the first time, falling to 2.97%, while the 30-year FRM set a new all-time record for the fifth straight week.
The Freddie Mac survey showed the 15-year FRM, a popular refinancing choice, averaged 2.97%, breaking the 3% barrier for the first time. Last week, the rate averaged 3.04%. A year ago, it was 3.74%.
