What Are the Some Low Mortgage Rates in History?


Quick Answer

Periods of historically low mortgage rates in the United States include the second quarter of 2012 and the first quarter of 2015. In the week of May 3, 2012, average mortgage rates hit historic lows for both 30- and 15-year fixed mortgages. At 3.84 percent, the 30-year rate was at its lowest since the 1950s, reports The Seattle Times.

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The period before April 25, 2015, also goes down in U.S. history as a period of record-low mortgage rates. The 15-year mortgage rate fell to 2.61 percent, marking its lowest rate on record since 1991, according to CBS Money Watch. The 30-year mortgage rate fell to 3.40 percent, which is slightly higher than the record low of 3.3 percent. Average rates for one-year adjustable-rate mortgages also fell to a low of 2.58 percent.

In January 2015, the year began with a historic dip in mortgage rates. The 30-year mortgage fell to 3.73 percent, reaching its lowest level since the May 2013 rate of 3.87 percent. Twelve months prior to this, the 30-year mortgage rate was at 4.51 percent. Meanwhile, the 15-year mortgage rate stood at 3.05 percent in January 2015, compared to 3.56 percent 12 months before, indicates The Seattle Times.

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