30-year mortgage rate drops
Average U.S. rates on fixed mortgages declined this week, hovering near historically low levels.
Mortgage buyer Freddie Mac said Thursday that the average rate for a 30-year loan eased to 4.14 percent from 4.17 percent last week. The average for the 15-year mortgage fell to 3.22 percent from 3.30 percent. Rising prices and higher interest rates beginning in mid-2013 have made homes less affordable for would-be buyers.