The good news is that fixed mortgage rates fell to the lowest levels on record and are already on their way to setting another new low — with a sub-3 percent rate in site for the 15-year mortgage. The bad news is that the stock market is on its way to the lowest point this year. There were no records set, however, for adjustable-rate products. At 3.79 percent, the fixed-rate 30-year mortgage averaged less than at any other time since Freddie Mac started tracking rates in 1971.
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