Average interest rates on a 30-year, fixed-rate mortgage came down to 3.98 percent last week, remaining at 60-year lows for the fourth week in a row, according to Freddie Mac.
The drop was only .02 percent from last week’s average 4 percent interest rate. Last year at this time, the 30-year, fixed-rate averaged at 4.4 percent.
An average 15-year fixed-rate mortgage also slightly declined last week to 3.3 percent, down from the previous week’s 3.31 percent. A year ago, the average was at 3.71 percent, according to Freddie Mac.
The drop was only .02 percent from last week’s average 4 percent interest rate. Last year at this time, the 30-year, fixed-rate averaged at 4.4 percent.
An average 15-year fixed-rate mortgage also slightly declined last week to 3.3 percent, down from the previous week’s 3.31 percent. A year ago, the average was at 3.71 percent, according to Freddie Mac.
