Blake A. Vartanian, DRE #00871999

Home Mortgage rates nearly half of what they were prior to and in the Great Recession (per Google 7:30 am 5/15/2020 PST)

 

Year Lowest Rate Average Rate
2009 4.71% 5.04%
2008 5.10% 6.03%
2007 5.96% 6.34%
2006 6.10% 6.41%

 

There is at least one source on Yahoo Finance quoting as low as 2.75% for a 30 year conforming fixed rate mortgage with no points. 

     
Program Rate APR* Change
Conventional 30 yr. Fixed 3.375 3.375 Unchanged
Conventional 15 yr. Fixed 3.125 3.125 Unchanged
Conventional 5 yr. ARM 3.5 3.5 Unchanged
30 year fixed FHA 2.75 3.73 Unchanged
15 year fixed FHA 2.75 3.694 Unchanged
5 year ARM FHA 4 3.847 +0.01% 
30 year fixed VA 2.75 2.926 Unchanged
15 year fixed VA 2.75 3.076 Unchanged