U.S. 30-Year Mortgage Rate Declines to Lowest Level in Three Months

Thu January 21, 2016

U.S. mortgage rates fell, with the 30-year average dropping to a three-month low, as investors exited stocks and commodities for the safety of government bonds.

The average rate for a 30-year fixed mortgage was 3.81 percent, down from from 3.92 percent last week, Freddie Mac said in a statement Thursday. It was the lowest since late October. The average 15-year rate fell to 3.1 percent from 3.19 percent, according to the McLean, Virginia-based mortgage-finance company.

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