The average interest rates on fixed rate mortgage loans remained largely unchanged between this week and last, according to a Freddie Mac report on Thursday.

The 30-year fixed-rate mortgage remained stagnant at the historic low level of 3.66 percent, which was first seen last week. That rate was almost a full percentage point higher at this time last year, when it sat at 4.51 percent.

The 30-year mortgage loan has seen interest rates below the 4 percent threshold since December of last year.

The 15-year fixed-rate mortgage averaged at 2.94 percent which is a slight drop from last week’s 2.95 percent.

“Mortgage rates were virtually unchanged this week, hovering at or near record lows and should further help to support a recovering housing market,” said Frank Nothaft, vice president and chief economist with Freddie Mac.

The 5-year adjustable-rate mortgage (ARM) rate averaged at 2.79 percent this week, which is a 0.02 percent increase from last week’s figures.

The 1-year ARM, like the 30-year fixed, remained stagnant, holding its interest rate at 2.77 percent.

Interest rates on these four main types of home loans have been hovering near historic low levels since the first week of May. With one exception, each successive week has yielded record breaking figures.

Experts believe that interest rates have been falling due to the air of uncertainty floating around Europe’s economy. Interest rates are tied to the 10-year Treasury note. That note is considered a very safe investment, and many investors are flocking to purchase them as opposed to putting their money elsewhere in this economic climate. According to MSNBC, as demand for the 10-year Treasury note increases, mortgage loan rates fall.