short and sweet. just the way it should be on this wednesday morning. according to this article from dsnews.com, freddie mac’s primary mortgage market survey states that the 15 year fixed mortgage rate [averages] fell below 3% and the 30 year fixed mortgage rate [averages] has also fallen to a new low. the 30 year fixed rate is now 3.75% [last year it was 4.55%] and the 15 year fixed is now 2.97% [last year it was 3.74%]. so what does this mean? on average, for a $200,000 loan, a person will spend $1,200 less a year with the new mortgage rates as opposed to rates from last year.