Mortgage Rates Tick Down to New Low
Mortgage Rates Tick Down to New Low
By NATHAN BECKER
The Wall Street Journal
Mortgage rates in the U.S. mostly fell the past week, with the average rate on 30-year fixed-rate mortgage falling slightly, extending its record low, according to Freddie Mac's weekly survey of mortgage rates.
The declines come as the Treasurys market has seen continued strength, pushing yields down. Mortgage rates, all of which have at least touched multi-year lows recently, generally track yields.
The 30-year fixed-rate mortgage averaged 4.57% for the week ended Thursday, down slightly from the prior week's 4.58% average and 5.2% a year ago. It is at the lowest point in Freddie's 39-year survey.
