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Freddie Mac: 30-year mortgage rate average dips below 4%
Freddie Mac: 30-year mortgage rate average dips below 4%

Fixed mortgage rates edged lower this week, with Freddie Mac’s survey of lenders showing an average of just below 4% for 30-year fixed home loans. Lenders told Freddie they were offering 30-year loans to solid borrowers at an average of 3.99%, down from 4.01% last week and 4.22% a year ago. Fifteen-year fixed mortgages averaged 3.17%, down from 3.2% last week and 3.27% a year ago, according to the government-controlled loan buyer, which polls lenders each week on the terms they are offering to low-risk borrowers. The 30-year mortgage rate started the year at 4.5% amid expectations it would rise, but it instead trended down and has been in the 4% range since mid-October. This...

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