Economics
U.S. Mortgage Rates Fall to Four-Month Low, Freddie Mac Says
This article is for subscribers only.
U.S. mortgage rates fell for a third week, sending longer-term borrowing costs to the lowest level since January as the housing market remains sluggish.
The average rate for a 30-year loan dropped to 4.71 percent in the week ended today from 4.78 percent, according to Freddie Mac. That is the lowest since the week ended Jan. 13. The 15-year rate slid to 3.89 percent from 3.97 percent a week ago, the McLean, Virginia-based mortgage-finance company said.