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The 30-year fixed-rate average was 3.75% as of July 11, according to the latest data from Freddie Mac. That’s unchanged from the prior week and down from 4.53% a year earlier.
The 15-year fixed-rate average edged higher to 3.22% from 3.18% a week ago. It was 4.08% a year earlier.
“The recent stabilization in mortgage rates reflects modestly improving U.S. economic data and a more accommodative tone from the Federal Reserve to respond to the rising downside economic risk from trade tensions and soft global economic data,” Freddie Mac said.
