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Freddie Mac
Mortgage rates are lowest since 2013
Mortgage rates are lowest since 2013

Mortgage rates declined for the third straight week, with lenders on average offering 3.63% on a 30-year fixed loan, Freddie Mac reported Thursday. The mortgage finance giant said that this week's rate for a 30-year mortgage fell from 3.66% last week and 4.39% a year earlier. Lenders offered a 15-year fixed loan at an average of 2.93%, compared to 2.98% last week and 3.44% last year. Concerns over Asian and European economies have driven rates down to their lowest levels since May 2013. The steady decline has spurred a resurgence in mortgage applications as borrowers look to lock in the historically low rates. The Mortgage Bankers Assn. said Wednesday that applications to...

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