Mortgage rates dropped this week, and the most popular type of mortgage hit a new record low.
The 30-year fixed-rate mortgage fell 9 basis points to 4.21 percent.
The 15-year fixed-rate fell 1 basis point to 3.46 percent. The average rate for 30-year jumbo mortgages was 4.82 percent, down 5 basis points from last week's rate.
Despite the super-low rates, the volume of mortgage applications decreased 4.3 percent last week from one week earlier, according to the Mortgage Bankers Association weekly survey.
If you're in the market for a home ... you can research the best mortgages rates, right here, at Bankrate.com. I'm Kristin Arnold.