Rates on 30-year fixed mortgages have dropped to their lowest levels in at least 37 years.

Freddie Mac, the mortgage company reported this week that average rates on 30-year fixed-rate mortgages dropped to 5.19 percent, down from the year’s previous low of 5.47 percent set last week. The rate is the lowest since Freddie Mac’s weekly mortgage rate survey began in April 1971.

A daily survey found that the national average rate fell even lower on December 17 to 5.06 percent according to financial publisher HSH Associates, the lowest since the 1960s and down from 5.3 percent on December 16.

If you would like to know today’s current mortgage interest rates--or other real estate-related facts in the  Greenville, NC area, please contact The Pistol Tingen Team at (252) 321-6161.