Average US 30-year mortgage rate slips to 3.94 percent

dailymail.co.uk
Jun 1, 2017 3:35 PM

WASHINGTON (AP) - Long-term U.S. mortgage rates were flat to slightly lower this week, as the key 30-year rate marked a new low for the year.

Mortgage buyer Freddie Mac says the average rate on 30-year fixed-rate home loans slipped to 3.94 percent from 3.95 percent last week. The rate stood at 3.66 percent a year ago and averaged 3.65 percent in 2016, the lowest level in records dating to 1971.

The rate on 15-year mortgages held steady from last week at 3.19 percent.

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