Average mortgage rates fall again to new 2017 low
WASHINGTON (AP) – Aug. 31, 2017 – Long-term U.S. mortgage rates fell this week. It was the fifth straight weekly decline for the benchmark 30-year rate, which again reached a new low for the year.
Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate mortgages fell to 3.82 percent from 3.86 percent last week. A year ago, the rate stood at 3.46 percent. It averaged 3.65 percent for all of last year.
The rate on 15-year, fixed-rate home loans dipped to 3.12 percent from 3.16 percent last week. Those loans are popular with homeowners refinancing their mortgages.
Copyright © 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.