Average rate on 30-year mortgage falls to 3.66% OMG
Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage slid to 3.66 percent this week from 3.73 percent last week. The rate for the 15-year loan declined to 2.98 percent from 3.05 percent last week.
A year ago, the 30-year mortgage stood at 4.41 percent and the 15-year mortgage at 3.45 percent. Mortgage rates have remained low even though the Federal Reserve in October ended its monthly bond purchases, which were meant to hold down long-term rates.
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Have a great day,
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