The average rate on the 30-year fixed-rate mortgage declined to 3.38% in the past week from...

|By:, SA News Editor

The average rate on the 30-year fixed-rate mortgage declined to 3.38% in the past week from 3.40%, Freddie Mac says in its latest survey. A year ago, the 30-year rate was at 3.88%. The 15-year fixed remains unchanged at 2.66%. "Mortgage rates were flat to down a little this week amid reports that inflation remains contained," according to Freddie's chief economist.