Home Current News US mortgage rates decline; 30-year loan lowest in 3 years

US mortgage rates decline; 30-year loan lowest in 3 years

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US mortgage rates decline; 30-year loan lowest in 3 yearsU.S. long-term mortgage rates fell this week for the third straight week, as the benchmark 30-year loan marked its lowest point in three years. Mortgage buyer Freddie Mac said Thursday the average rate for the 30-year fixed-rate mortgage declined to 3.45% from 3.51% last week. Federal Reserve policymakers continued to hold interest rates low at their latest meeting last week.

Source: yahoo.com/news