Today, Freddie Mac announced that 30-year mortgage loans are at 4.1%, the lowest since June. This statistic was obtained through weekly surveys that the mortgage lender conducts across the country Monday through Wednesday.

Freddie Mac attributes this to the Fed staying put on their economic stimulus program, depsite buying $85 billion in bonds to keep long-term interest rates, including mortgage rates, at a low level.

As a result, more homeowners are looking to refinance, as shown by the nearly 9% increase in the refinance application category. Additionally, mortgage applications increased by 6.4% in the week from the previous week, according to the Mortgage Bankers Association.

READ MORE on the mortgage rates here.

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