Best Mortgage Rates Still Under 5%

Lenders are offering traditional fixed-rate mortgages for less than 5% in nine of the 10 major cities we surveyed this month.

That’s quite an improvement from July when only one of the 10 cities we looked at had those loans available for less than 5%.

It’s nearly as good as what we found in November, when average mortgage rates plunged to record lows and loans were available for less than 5% in every single city we surveyed.

Mortgage rates have risen only slightly since then and financing a home remains incredibly cheap by any historical standard.

READ THE ENTIRE POST INCLUDING CITY-BY-CITY RESULTS.