US long-term mortgage rates fall; 30-year at 3.57%

WASHINGTON — U.S. long-term mortgage rates fell this week amid continued uncertainty about the economy’s outlook.Mortgage rates have been running near historic lows, a potential boon to homebuyers.Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage dipped to 3.57% from 3.65% last week. A year ago, the average rate stood at 4.90%.The average rate for 15-year, fixed-rate home loans declined this week to 3.05% from 3.14% last week.The Associated Press Thanks to the Courtesy of :

https://www.canadianbusiness.com/business-news/us-long-term-mortgage-rates-fall-30-year-at-3-57/

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