WASHINGTON (AP) — Long-term U.S. mortgage rates fell this week as the key 30-year home loan marked an all-time low for the third time in the last few months since the coronavirus outbreak took hold.
Mortgage buyer Freddie Mac reports that the average rate on the 30-year loan tumbled to 3.15% from 3.24% last week.
It was the lowest level since since Freddie started tracking rates in 1971.
The average rate on the 15-year fixed-rate mortgage declined to 2.62% from 2.70% last week.
