In a landscape where interest rates remain low, some are even dropping again. According to mortgage buyer Freddie Mac, 30-year mortgage rates have dropped to a new low for the year, reaching their lowest point since last November.
Thirty-year, fixed-rate mortgages fell to 3.86 percent, down from 3.89 percent last week. It was the fourth straight weekly decline for the key rate, bringing it to its lowest level since November 10, 2016.
But mortgage rates were even lower for most of 2016. A year ago at this time, the rate stood at 3.43 percent; it averaged 3.65 percent for all of last year.
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