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Economics

U.S. Mortgage Rates Fall to a Record Low for 13th Time This Year

The Delta Coves housing development on Bethel Island, California.
Photographer: David Paul Morris/Bloomberg

Mortgage rates in the U.S. have hit another record low.

The average for a 30-year, fixed loan tumbled to 2.72%, down from 2.84% last week and the lowest in data going back almost 50 years, Freddie Mac said in a statement Thursday. It was the 13th record low this year. The previous one, 2.78%, held for two weeks.