Low Interest Rates Still Available to Massachusetts Home Buyers

Massachusetts home buyers, and home buyers around the country, still have super low mortgage interest rates available to them for the purchase of a home. 

The average rate on the 30-year fixed mortgage inched closer to its all-time low this week in the U.S., helping to keep home buying more affordable, the Associated Press reported January 17, 2013.

Mortgage buyer Freddie Mac said the rate on the 30-year loan dipped to 3.38 percent. That's down from 3.40 percent the previous week, and it is slightly above the 3.31 percent rate reached in November, the lowest on records kept since 1971.

The interest rate average for the 15-year, fixed-rate mortgage was unchanged at 2.66 percent. The record low is 2.63 percent.

The rate on the 30-year fixed mortgage averaged 3.66 percent in 2012, the lowest annual average in 65 years, according to Freddie Mac.