New Record-Low Mortgage Rates In The USKatrina Gutierrezupdated Nov 16, 2012TweetAt GET.com we maintain complete editorial integrity on our content & provide transparent & unbiased information. Companies don't pay us to include their products although we receive a compensation when you successfully apply to products from our partners. See how we make money here.At GET.com we maintain complete editorial integrity.This week mortgage applications increased 12.6% compared to last week. This huge increase in the volume of applications is in part due to the rebound of mortgage application activity in the areas that were affected by Hurricane Sandy two weeks ago. Another important factor that might have influenced this huge increase in applications is that according to Freddie Mac, this week 30-year, 5-year and 1-year mortgage rates have all reached new record-lows.This week 30-year fixed-rate mortgages decreased from 3.4% last week to 3.34%. This is a new record-low rate for 30-year mortgages that hasn't been seen in almost half a century.15-year mortgage rates decreased from 2.69% last week to 2.65% this week reaching a new record low mortgage rate that hasn't been seen in more than 40 years. This rate is nearly 0.1% lower than 5-year mortgage rate. 5-year mortgage rates are the only ones that increased this week, from 2.73% last week to 2.74% this week. This slight increase places 5-year rates at the same percentage as two weeks ago.1-year adjustable-rate mortgages reached a new record low this week when they decreased from 2.59% last week to 2.55%. This is the lowest rate in more than four decades.The refinance share of mortgage applications also increased this week to 81% compared to 80% last week, while the share of adjustable-rate mortgages remains steady at 4% for the fourth consecutive week. COMPARE MORTGAGESStateChoose State...AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyomingPurchase or Refinance?PurchaseRefinanceLoan TypeShow All30 yr. fixed15 yr. fixed3/1 yr. arm40 yr. fixed20 yr. fixed10 yr. fixed5/1 yr. arm7/1 yr. arm1 yr. armFHA 30 yr.VA 30 yr.FHA 15 yr.VA 15 yr.Loan AmountGET RATESKatrina Gutierrez is a writer at GET.com, a personal finance website. Email: firstname.lastname@example.org.Editorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.