Mortgage rates broke down sharply over the last week, according to Freddie Mac's latest survey of lenders. The 30-year fixed dropped 11 bps to land at 3.87%, while the 15-year variety clipped 10 bps to hit 3.14%. Both fixed-rate and ARM mortgages reached record rate lows.

Mortgage rates broke down sharply over the last week, according to Freddie Mac's latest survey of lenders. The 30-year fixed dropped 11 bps to land at 3.87%, while the 15-year variety clipped 10 bps to hit 3.14%. Both fixed-rate and ARM mortgages reached record rate lows.: Mortgage rates broke down sharply over the last week, according to Freddie Mac's latest survey of lenders. The 30-year fixed dropped 11 bps to land at 3.87%, while the 15-year variety clipped 10 bps to hit 3.14%. Both fixed-rate and ARM mortgages reached record rate lows. Post your comment!