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var wp_ms_start = new Date().getTime(); var utils = new Utils(); 30-year-mortgage rates slide to their lowest level on record @import url("http://media3.washingtonpost.com/wp-srv/css/topstrip_teased.css"); @import url("http://media3.washingtonpost.com/wp-srv/css/sidebars.css"); @import url("http://media3.washingtonpost.com/wp-srv/css/bullets.css"); @import url("http://media3.washingtonpost.com/wp-srv/css/feature.css"); @import url("http://media3.washingtonpost.com/wp-srv/css/feature_ls.css"); @import url("http://media3.washingtonpost.com/wp-srv/css/misc_linkset.css"); @import url("http://media3.washingtonpost.com/wp-srv/css/story/main.css"); @import url("http://media3.washingtonpost.com/wp-srv/css/article_media.css"); @import url("http://media3.washingtonpost.com/wp-srv/css/related-bottom-content.css"); @import url("http://media3.washingtonpost.com/wp-srv/css/bookmarking_v2.css"); @import url("http://media3.washingtonpost.com/wp-srv/css/networked-news.css"); @import url("http://media10.washingtonpost.com/wp/css/specials-js.css"); var SA_Message="SACategory=" + 'realestate'; var saveshare_recipe = 'bottom'; // init_save_share(); if ( show_doubleclick_ad && ( adTemplate & BANNER_FLEX_TOP ) == BANNER_FLEX_TOP ) { placeAd('ARTICLE',commercialNode,1,',true) ; } washingtonpost.com  > Real Estate Real Estate Notes 30-year-mortgage rates slide to their lowest level on record TOOLBOX Resize Print E-mail Reprints Saturday, December 5, 2009 The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent this week, pushed down by an aggressive government campaign to reduce borrowing costs. The rate, published Thursday by Freddie Mac, is the lowest since the mortgage finance company began tracking the data in 1971The previous record of 4.78 percent was set in April and matched last week. Rates on five-year, adjustable-rate mortgages averaged 4.19 percent, up from 4.18 percent a week earlierRates on one-year, adjustable-rate mortgages fell to 4.25 percent from 4.35 percent. The Federal Reserve is pumping $1.25 trillion into mortgage-backed securities to bring down mortgage rates, but that money is set to run out in springThe goal of the program is to make home buying more affordable and prop up the housing market. Buyers and homeowners who want to refinance are picking up their phonesMortgage applications rose 2 percent last week from a week earlier, the Mortgage Bankers Association said Wednesday, driven by a more than 4 percent increase in purchase applications and a nearly 2 percent increase in applications to refinance existing loans. -- From news services

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