30-year mortgage rates are still at record 3.87%
Interest rates on the 30-year fixed mortage remain at records lows, currently at 3.87%. This is the lowest level the rate has ever been since record-keeping began in the 1950s. Every $100,000 financed would have a payment of $470. This makes the payment on a $500,000 mortgage only $2,350. By comparison, a few years ago…