U.S. Mortgage Rates Fall to Five-Month Low, Freddie Mac Says
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Mortgage rates in the U.S. decreased for a fourth week, sending borrowing costs to the lowest level since December.
The average rate for a 30-year loan dropped to 4.63 percent in the week ended today from 4.71 percent, according to Freddie Mac. That is the lowest since the week ended Dec. 9. The 15-year rate slipped to 3.82 percent from 3.89 percent a week ago, the McLean, Virginia-based mortgage-finance company said.