Apr
07
U.S. Mortgage Rates Fall With 30-Year at Lowest in 14 Months
By-
Average home-loan rate tumbles to 3.59% from 3.71% last week
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Decline in borrowing costs comes at peak time for homebuying
U.S. mortgage rates fell to the lowest in more than a year, reducing borrowing costs during the peak season for homebuying.
The average rate for a 30-year fixed mortgage was 3.59 percent, down from from 3.71 percent last week and matching the level in early February 2015, Freddie Mac said in a statement Thursday. The average 15-year rate slipped to 2.88 percent from 2.98 percent, the McLean, Virginia-based mortgage-finance company said…
U.S. Mortgage Rates Fall With 30-Year at Lowest in 14 Months
