Get a Hartford Courant subscription for less than 29 cents per day
Topics

Freddie Mac

Average long-term US mortgage rate falls fifth straight week

Average long-term U.S. mortgage rates fell for the fifth straight week amid volatility in world financial markets.

Mortgage buyer Freddie Mac says the average rate on a 30-year fixed-rate mortgage slid to 3.72 percent this week, down from 3.79 percent last week and the lowest since it averaged 3.68 percent in April 2015.

The average rate on a 15-year fixed-rate mortgage slid to 3.01 percent from 3.07 percent last week.

Mortgage rates have continued to fall despite the Federal Reserve's decision in December to raise the short-term rate it controls for the first time since 2006.

Global markets have been rattled this year by signs of a global slowdown and big...

Loading
35°