Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Mortgage Rates for 30-Year Loans Fall to Near-Record Low

Don't Miss Out —
Follow us on:

April 26 (Bloomberg) -- Mortgage rates in the U.S. for 30-year fixed loans fell for the fourth time in five weeks, decreasing borrowing costs as the housing market reaches bottom.

The average rate for a 30-year mortgage fell to 3.88 percent in the week ended today from 3.9 percent, Freddie Mac said in a statement. It hit 3.87 percent in February, the lowest in the McLean, Virginia-based mortgage-finance company’s records dating to 1971. The average 15-year rate dropped to 3.12 percent from 3.13 percent.

While the U.S. home market is showing signs of improvement, tight credit and an unemployment rate above 8 percent are holding back demand. Home values in more than half of major U.S. markets will probably reach a bottom by the end of the year, Seattle-based data provider Zillow Inc. said yesterday.

“Great affordability helps,” David Goldberg, an analyst with UBS AG in New York, said in a telephone interview yesterday. “But the availability of credit is what will dictate the pace of improvement.”

Contracts to buy previously owned homes climbed 4.1 percent last month from February to the highest level in two years, the National Association of Realtors said today.

Home prices in 20 U.S. cities fell 3.5 percent in February, the smallest 12-month decline since February 2011, the S&P/Case-Shiller index showed on April 24.

To contact the reporter on this story: Prashant Gopal in New York at

To contact the editor responsible for this story: Kara Wetzel at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.