Mortgage Rates Plunge to 25-Year Low

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According to one well-known weekly survey, last week's mortgage rates cracked 5% for the first time since 1985.

According to this article from, current home loan rates are as low as they’ve been in 25 years.

Bankrate’s weekly survey of large lenders revealed that 30-year fixed rate mortgages are now averaging 4.96%, down .11% from last week.  Fifteeen year mortgages were averaging 4.34%, also down .11% from last week. And the 5/1 adjustable rate mortgage was down .13% to 4.14%.

When the Bankrate survey began in 1985, rates were averaging 12.3%.

The reason for the plunge in mortgage rates is tied to a flight-to-quality trade as skittish investors worldwide buy US Treasury bonds to escape financial turmoil in Europe and the stock-market decline in the US.  As investors buy bonds, interest rates drop. Since mortgage rates are tied to Treasury bond yields, they drop as Treasury rates decline.

Money Talks now offers a comprehensive mortgage search engine, allowing quick searches of thousands of mortgage lenders nationwide for the lowest rates available.

Even if you’re not in the market for a new mortgage, it’s still interesting to see current rates in your area. Check it out!

Stacy Johnson

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