For Third Week, Mortgage Rates Sink Lower
Mortgage LoanAverage fixed-rate mortgages moved lower this week amid data showing weaker consumer spending, Freddie Mac reports in its weekly mortgage survey. It marked the third-consecutive week that mortgage rates went down. Freddie Mac reports the following national averages in rates for the week ending April 18: 30-year fixed-rate mortgages: averaged 3.41 percent, with an average 0.7 point, dropping from last week’s 3.43 percent average. A year ago at this time, 30-year rates averaged 3.90 percent. 15-year fixed-rate mortgages: averaged 2.64 percent, with an average 0.7 point, dropping from last week’s […]