The average rate on a 30-year U.S. mortgage edged lower this week, returning to its lowest level in about a year.
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also edged higher. The average rate rose to 5.49% from 5.41% last week. A year ago, it was 5.16%, ...
The average rate on the 30-year fixed mortgage fell this week to 6.3%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.34%.