4.875%, 30-Year, Fixed-Rate Mortgages

This is the best deal you’ll find in many places — at least without paying points.

And it’s incredibly good.

With the Federal Reserve flooding the mortgage market with money, interest rates have plunged to record lows.

We couldn’t find lenders offering mortgages this cheap in every city in Bankrate.com and Interest.com’s extensive database of mortgage rates.

But here’s who’s selling 30-year, fixed-rate loans for 4.875% — with no points and fees of less than $1,000 — in more than a dozen markets across the country:

Albuquerque and Santa Fe, N.M.: Bank of Albuquerque

Birmingham, Ala.: Regions Bank

Denver, Colo.: Liberty Savings Bank and Mortgage Capital Associates

Fort Lauderdale, Miami and Orlando, Fla.: EZZ Financial (This was the best deal we saw anywhere, 4.75% with no points.)

Louisville and Lexington, Ken.: BB&T

Los Angeles and San Diego, Calif.: Mortgage Capital Associates

Madison, Wisc.: M&I Bank

Memphis and Knoxville, Tenn.: Regions Bank

New York, N.Y.: HSBC Bank and Astoria Federal Savings & Loan

Oklahoma City and Tulsa, Okla.: Bank of Oklahoma and MidFirst Bank

Phoenix, Ariz.: MidFirst Bank, Irwin Union Bank and Mortgage Capital Associates

Sacramento, Calif.: Irwin Union Bank and Mortgage Capital Associates

The fine print: These rates are for borrowers with credit scores of at least 700 and conforming loans, which means they’re for less than $417,000. For scores from 680 to 699 you’ll usually pay higher fees, up to 1% of the loan value, or a higher rate.