WASHINGTON (AP) – Long-term U.S. mortgage rates declined this week after rising for three straight weeks, continuing to lure prospective homebuyers.
Mortgage giant Freddie Mac says the average for the benchmark 30-year fixed-rate mortgage fell to 3.43 percent from 3.48 percent last week. The average rate is down sharply from 3.91 percent a year ago.
The 15-year fixed mortgage rate dipped to 2.74 percent from 2.78 percent last week.