Having dropped to a 20-month low of 3.63 percent last week, the average rate for a conforming 30-year mortgage has ticked back up to 3.66 percent but remains 66 basis points below the 4.32 percent average rate at the same time last year.
Averaging 6.7 percent over the past twenty years, the 30-year rate hit all-time low of 3.31 percent in November 2012 and a three-year high of 4.58 percent in August of 2013.
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They’re still frickin low. 0.03 difference, that’s not a headline, c’mon!