The average rate on the 30-year fixed mortgage decreased back down to 3.94 percent, which is the record low set earlier in the fall.
Low rates offer a wonderful chance for those who can afford to buy or refinance.
According to Freddie Mac, the rate on the 30-year home loan dropped from 3.99 percent the previous week.
According to data from the National Bureau of Economic Research, the average rate of 3.94 percent is the lowest rate ever.
The average rate on the 15-year fixed mortgage slipped to 3.21 percent from 3.27 percent, which is also a new record.
Rates have been under 5 percent for all but two weeks this year.
The average fee for the 30-year loan jumped to 0.8 from 0.7 and the fee on the 15-year fixed mortgage was unchanged at 0.8.
The average rate on the five-year adjustable loan dropped to 2.86 percent from 2.93 percent.
The average rate on the one-year adjustable loan grew to 2.81 percent from 2.80 percent.
The average fee on the five-year loan increased from 0.5 to 0.6 and the fee on the one-year adjustable loan was unchanged at 0.6.
In order to calculate average mortgage rates, Freddie Mac surveys lenders across the nation Monday through Wednesday of each week.
Source: builderonline.com