30-year mortgage rate declines to 4.10%, lowest this year

|By:, SA News Editor

The average rate for a 30-year fixed-rate mortgage dropped to 4.10%, the lowest rate since last October and down slightly from 4.12% in the prior week, according to the latest report from Freddie Mac.

The average rate for the 15-year fixed-rate mortgage fell to 3.23% in the latest week from 3.24% in the prior week.

A year ago, the respective rates for 30-year and 15-year fixed mortgages were 4.58% and 3.60%.