Super-low mortgage rates and the fastest job creation in 15 years still aren’t triggering a big rebound in demand for new homes that’s long been expected. A gauge of confidence among home builders fell in March for third month in a row and touched the lowest level since last summer.
Average long-term U.S. mortgage rates fell for the fourth straight week, with the benchmark 30-year rate again marking its lowest level since May 2013. The average for a 15-year mortgage, a popular choice for people who are refinancing, slipped further below 3 percent.
Mortgage rates declined for the third straight week, with lenders on average offering 3.63% on a 30-year fixed loan, Freddie Mac reported Thursday.
WASHINGTON (AP) — Average long-term U.S. mortgage rates fell for the fourth straight week, with the benchmark 30-year rate again marking its lowest level since May 2013. The average for a 15-year mortgage, a popular choice for people who are refinancing, slipped further below 3 percent.
WASHINGTON (AP) — Average long-term U.S. mortgage rates fell for the third straight week, with the benchmark 30-year rate again marking its lowest level since May 2013. The average for a 15-year mortgage, a popular choice for people who are refinancing, dipped below 3 percent for the first time since then.