After increases, mortgage interest rates fall again - KWWL - Eastern Iowa Breaking News, Weather, Closings

After increases, mortgage interest rates fall again

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NEW YORK (AP) -- Rates on fixed-interest mortgages have dipped for the second straight week.

Freddie Mac says the average rate on the 30-year mortgage dropped to 4.71 percent this week from 4.77 percent last week. It hit a 40-year low of 4.17 percent in November.  The average rate on the 15-year loan slipped to 4.08 percent from 4.13 percent.  It reached 3.57 percent in November, the lowest level on record since 1991.

 

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