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US long-term mortgage rates decline; 30-year average 4.10%
The Associated Press
May 09, 2019 07:40 AM
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FILE – This Jan. 14, 2019, photo, shows a sign outside a home that has been sold, in Mount Lebanon, Pa. On Thursday, May 9, Freddie Mac reports on this week’s average U.S. mortgage rates.
Gene J. Puskar, File
AP Photo
WASHINGTON
U.S. long-term mortgage rates declined this week for a second straight week, reversing the upward trend in April as a lure to potential home buyers.
Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage fell to 4.10% from 4.14% last week. By contrast, a year ago the benchmark rate stood at 4.55%.
The average rate for 15-year, fixed-rate home loans eased this week to 3.57% from 3.60% last week.