WASHINGTON, May 26 (UPI) -- Long-term mortgage rates fell for the sixth consecutive week, the U.S. Federal Home Loan Mortgage Corp. said Thursday.
Average interest rates for 15-year and 30-year mortgages both dropped in the week ending Thursday with 15-year, fixed-rate loans slipping from 3.8 percent to 3.78 percent with 0.7 points. Average rates for 30-year mortgages dipped from 4.61 percent to 4.6 percent with 0.7 points, Freddie Mac said.