Mortgage Rates Continue the Downward Slide
Average U.S. mortgage rates fell for the third straight week, making it more affordable to borrow to buy a home.
Mortgage company Freddie Mac said Thursday that the nationwide average for a 30-year loan fell to 4.12 percent from 4.19 percent last week. The average for a 15-year mortgage, a popular choice for people who are refinancing, also declined to 3.3 percent from 3.36 percent.
The 30-year rate is down from 4.53 percent at the start of the year.