Greetings neighbors,

We continue to see record lows in mortgage rates throughout the country. According to recent numbers reported by Zillow, their weekly update showed that the 30-year FRM dropped from week to week nationally and hit an average of 4.28%. In comparison to last week's number, the current rate is down 0.1% producing another record low yet again.

Regionally, most of the 50 states witnessed a drop in mortgage rates.

In addition, Zillow reported a national average of 3.85% for 15-year fixed home loans while the rate of 5-1 adjustable-rate mortgage ARM came in at 3.27%.