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.]
