30-year mortgage rate falls to 3.66 percent; 15-year below 3 percent
It's been another good week for prospective homebuyers and mortgage refinancers, as average fixed mortgage rates slipped for the third consecutive week, according to Freddie Mac.
Average rate on 30-year mortgage falls to 3.66 pct.
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.
30-year-mortgage Rate Falls To 3.66%
The average rate for a 30-year fixed-rate mortgage fell to 3.66% in the week that ended Jan. 15, hitting the lowest reading May 2013, from 3.73% in the prior week, according to a Thursday report from federally controlled mortgage-buyer Freddie Mac .