Mortgage Rates for 30-Year U.S. Loans Fall for Seventh Week
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Mortgage rates in the U.S. fell for a seventh week, the longest decline since September, tracking a drop in Treasury yields as signs of a slowing economy drove demand for relatively safe investments.
The average rate for a 30-year loan slipped to 4.55 percent in the week ended today from 4.60 percent, according to Freddie Mac. That is the lowest since the week ended Dec. 2. The 15-year rate fell to 3.74 percent from 3.78 percent a week ago, the McLean, Virginia-based mortgage-finance company said.