Rates Under 5 Again
Long-term mortgage rates fell for the third straight week, pushing the average rate on 30-year fixed home loans below 5 percent again, according to Freddie Mac. This past week, average interest on 30-year mortgages was 4.99 percent, compared to 5.06 percent the previous week and 5.16 percent a year ago. Rates on 15-year fixed loans also followed bond yields lower, averaging 4.40 percent, compared to 4.45 percent the previous week; and adjustable-rate mortgages also fell this past week.
[SOURCES: Freddie Mac; Information, Inc.]
