Average US mortgage rates fall again; 30-year at 4.51 percent
Long-term U.S. mortgage rates fell this week for the third consecutive week, yet they remain significantly higher than a year ago.
WASHINGTON — Long-term US mortgage rates fell for the third consecutive week, yet they remain significantly higher than a year ago.
Mortgage buyer Freddie Mac says the average rate on 30-year fixed-rate mortgages ticked down from 4.53 percent last week to 4.51 percent. A year ago, the average was 3.86 percent. The interest rates charged on home loans have been running at their highest levels in seven years, although they remain below the long-term historic average.
The average rate on 15-year fixed-rate loans fell from 4.01 percent last week to 3.98 percent.
Subscribe to the Globe’s free real estate newsletter — our weekly digest on buying, selling, and design — at pages.email.bostonglobe.com/AddressSignUp. Follow us on Facebook and Twitter @globehomes.
To comment, please create a screen name in your profile
To comment, please verify your email address
Conversation
This discussion has ended. Please join elsewhere on Boston.com