Economics
U.S. 30-Year Mortgage Rates Drop From a Two-Year High
This article is for subscribers only.
Mortgage rates for 30-year U.S. loans declined, reducing borrowing costs for homebuyers after the biggest jump in 26 years.
The average rate for a 30-year fixed mortgage fell to 4.29 percent from a two-year high of 4.46 percent last week, McLean, Virginia-based Freddie Mac said in a statement today. The average 15-year rate dropped to 3.39 percent from 3.5 percent.
Have a confidential tip for our reporters? Get in Touch
Before it’s here, it’s on the Bloomberg Terminal
LEARN MORE
Up Next
U.S. 30-Year Mortgage Rates Drop From a Two-Year High