Mortgage Rates Down to New Record Low

By Holden Lewis • Bankrate.com

Another week, another record low for mortgage rates.

The benchmark 30-year fixed-rate mortgage fell 6 basis points to 5 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point.

That’s the lowest rate on the 30-year fixed in the [...]