The average U.S. long-term mortgage rate slipped this week to close at its lowest point this year, the Associated Press reports.
Mortgage buyer Freddie Mac said Thursday that the average 30-year U.S. mortgage fell to 6.19% from last week’s 6.23%. A year ago, it averaged 6.69%.
The news marks the second straight weekly drop after three consecutive increases.
Fifteen-year fixed-rate mortgage rates fell this week as well, averaging 5.44%, down from 5.51% last week. One year ago, the average was 5.96%, Freddie Mac said.
