Summer’s best mortgage rates keep getting better

Photo: Amy Fontinelle

I’m not sick of writing it yet. I hope you’re not sick of reading it.

Mortgage rates are the lowest we’ve ever seen -- again. The average rate in late June fell to 3.89%, according to our national survey of lenders, a record low.

These low rates mean you could be in a significantly better position to buy or refinance this summer compared to this time last year, when the average mortgage sold for 4.66%.

Read my latest Interest.com mortgage story, Summer’s best mortgage rates keep getting better, to find out what mortgage industry experts Amy Tierce, Xavier Epps and Shawn Gilfedder say about how you should compare rates offered by different lenders.

Even when average rates are this low, you still need to shop around if you want to get the best deal. It's worth your trouble--you might be paying this interest rate for as long as 30 years, after all.

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