homeWelcome, sign in or click here to subscribe.login
     


 

 

Real Estate


print  email to a friend  reprints add to mydjc  

October 9, 2015

Mortgage rate falls to 3.76 percent

WASHINGTON (AP) — Average long-term U.S. mortgage rates fell sharply this week amid concern over a labor market that has shown recent signs of weakness.

Mortgage giant Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage dropped to 3.76 percent from 3.85 percent a week earlier. The rate on 15-year fixed-rate mortgages declined to 2.99 percent from 3.07 percent.

Rates have stayed below 4 percent for 11 straight weeks. This week's decline brought rates to levels far below last year's levels, providing an inducement for potential homebuyers. A year ago, the average 30-year mortgage rate was 4.19 percent while the rate for 15-year loans was 3.36 percent.




Email or user name:
Password:
 
Forgot password? Click here.