Average US 30-year mortgage rate slips to 4.23 percent

Long-term U.S. mortgage rates slid this week from their highest levels of 2017. Mortgage buyer Freddie Mac said Thursday that the rate on 30-year, fixed-rate home loans fell to 4.23 percent from 4.30 percent last week. The benchmark rate stood at 3.71 percent a year ago and averaged 3.65 percent in 2016, lowest in records dating to 1971. The rate on 15-year mortgages tumbled to 3.44 percent from 3.50 percent.


Source: Daily Republic

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