Mortgage rates slide, 30-year fixed falls to 4.32%

|By:, SA News Editor

Fixed mortgage rates moved lower again, according to the latest weekly survey from Freddie Mac, as recent housing market data signaled weakening sales and prices.

The average rate for a 30-year fixed-rate mortgage fell to 4.32%, hitting the lowest level since November, from 4.39% in the prior week; a year ago, the rate was at 3.53%.

The average rate for the 15-year fixed fell to 3.40% in the latest week from 3.44% in the prior week.