WASHINGTON – Average U.S. rates on fixed mortgages eased slightly this week, remaining near historic lows.
The average rate for a 30-year loan declined to 4.17 percent from 4.20 percent last week, Mortgage buyer Freddie Mac said Thursday. The average for the 15-year mortgage dipped to 3.30 percent from 3.31 percent.
Rising prices and higher interest rates beginning in mid-2013 have made homes less affordable for would-be buyers. At the same time, a limited supply of homes is available to buy. Sales of new homes are running about half the rate of a healthy housing market.
Mortgage rates are about a quarter of a percentage point higher than they were at the same time last year.