Lending

Mortgage Rates Fall Again, Near Record Low

Interest rates on home loans have dropped for a second straight week and are again within striking distance of their all-time lows. So reports Yahoo Finance.

According to Freddie Mac, the 30-year fixed-rate mortgage averaged 3.33% for the week ending April 2, down from 3.50% a week earlier. The all-time low in the almost 50-year-old survey, reached in March, was 3.29%.

Sam Khater, Freddie Mac’s chief economist, said in a statement, “While the market has stabilized relative to prior weeks, homebuyer demand has declined in response to current economic conditions.”

Read the full article from Yahoo Finance

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