The average fixed mortgage rates reached all-time record lows again following June's poor unemployment report.
Freddie Mac reported the 30-year fixed-rate mortgage fell to 3.56 percent for the week ending July 12, from last week when it averaged 3.62 percent and a year ago when it was 4.51 percent.
The 15-year rate averaged 2.86 percent, down from 2.89 percent last week and 3.65 percent one year ago.
Both averages were all-time record lows, according to the government-created mortgage financing agency.
The average 30-year fixed rate has been under 4 percent for 16 weeks and the average 15-year rate has been below 3 percent for seven weeks.
"Following a lackluster employment report for June, long-term U.S. Treasury bond yields eased somewhat this week allowing fixed mortgage rates to reach yet another record low," said Frank Nothaft, Freddie Mac vice president and chief economist.