Freddie Mac: Fixed-rate mortgages hit six-week low

|By:, SA News Editor

The average rate for a 30-year fixed-rate mortgage fell to 4.27% from 4.34% in the prior week, according to Freddie Mac's latest weekly survey; a year ago, the 30-year rate was at 3.41%.

The average rate for the 15-year fixed slipped to 3.33% from 3.38% in the prior week; a year ago, the 15-year rate averaged 2.64%.