Mortgage rates move lower for second straight week

|By:, SA News Editor

The average rate for a 30-year fixed-rate mortgage fell for a second straight week to 4.39%, from 4.49% in the prior week, according to Freddie Mac's latest weekly survey.

The 15-year fixed averaged 3.44% in the latest week, down one tick from 3.45% in the prior week.

A year ago, the respective average rates for the 30- and 15-year fixed mortgages were 3.42% and 2.71%.